Europe'an Recov'ery Pro"gram
a plan for aiding the European nations in economic recovery after World War II, proposed by U.S. Secretary of State George C. Marshall in 1947 and implemented in 1948 under the Economic Cooperation Administration. Abbr.: ERP, E.R.P. Also called Marshall Plan.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.