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   TESSA

   /ˈtɛsə/

   noun

   • 1. (in the UK) a tax-exempt special savings account allowing savers to invest a certain amount in a bank or building society with no tax to pay on the interest, provided that the capital remained in the account for five years (replaced in 1999 by the ISA).

   Word Origin acronym.

   Scrabble Points: 5

   • T

     1

   • E

     1

   • S

     1

   • S

     1

   • A

     1

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