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Earmarking
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It is a policy or fund, part of a larger unit/group is considered to belong to one designated person. Normally in relation to certain pension contracts.
Funds (or capital) that are set aside to pay for a specific project or event. In some cases, the term...
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Earnest Money
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A Deposit made by the potential home buyer to show that he or she is serious about buying the house.
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Earnings
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The Net Income of a company during a specific period. Generally, but not necessarily, referring to after-Tax income.
It is the compensation from participation in a business, including wages, salary, tips, commissions and bonuses.
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Easy-To-Borrow List
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A list of securities deemed to be available for borrowing in Short selling transactions because their Delivery is assured.
Availability is usually due to their accessible nature and/or High number of outstanding shares.Also called as a blanket or standing...
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Economics
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A social science that studies how individuals, governments, firms and nations make choices on allocating scarce resources to satisfy their unlimited wants.
Economics often referred to as "the dismal science", can generally be broken down into: Macroeconomics,...
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Efficiency of Capital Structure
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The acceptable Debt/Equity ratio varies according to the segment a company is active in.
Depending on the nature of a company's business, greater or lower Debt levels can be tolerated. In order to finance its operations, a company hardly ever uses the...
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Electronic Banking
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Many banking institutions provide computerized network services that provide account holders access to their accounts by personal computer.
Also known as Online banking (or Internet banking),electronic banking allows customers to conduct financial transactions...
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Electronic Order Matching
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In Electronic Order matching systems price makers enters prices into a computer system.
The prices are then displayed on a screen. The takers can select the displayed prices via their keyboard.
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Elephants
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Slang for large institutions that have the monetary base to make High volumes trades.
Due to the large volumes of stock that elephants deal in, any investment decisions that they make Will have a major influence on the price of the Underlying financial...
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Elliott Wave Theory
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Theory named after Ralph Nelson Elliott, who concluded that the movement of the stock market could be predicted by observing and identifying a repetitive pattern of waves.
Based on rhythms found in nature, the theory suggests that the market moves up in...
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Emoluments
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Things that comprise your employment package(s).
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EMTN (Euro medium term note)
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Medium term Bond whose issue is uninterrupted, in accordance with the principal characteristics defined within the framework of a program of issuing : Currency, ceiling of the issuing, duration& maturity.
Medium Term Note - MTN is a note that usually matures...
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Encryption
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A method for ensuring the privacy and Security of a consumer's personal finance information at a bank or financial Institution Web site.
Encryption is the process of scrambling data so that only the intended receiver can use it. To be effective, encryption...
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Enterprise Multiple
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A ratio used to determine the value of a company.
The enterprise multiple looks at a firm as a potential Acquirer would, because it takes Debt into account - an item which other Multiples like the P/E ratio do not include.
A Low ratio indicates that...
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Entitlement Community
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A city or urban community with a population of 50,000 or more which, because of its size, receives Community Development Block Grant funds directly from the federal government.
Non-entitlement communities receive CDBG funds through the state office of economic...
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Entrepreneur
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Someone who starts his or her own business.
A person who, rather than working as an employee, runs a small business and assumes all the Risk and reward of a given business venture, idea, or good or service offered for sale. The entrepreneur is commonly...
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Escheat
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When property and/or an estate is transferred to the government because a person has died without a Will or an Heir to his or her estate.
Escheat is a common law that censures that property is not left in limbo and ownerless. It is the transfer of the...
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Escrow
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Funds paid by one party to another (the escrow Agent) to hold until the occurrence of a specific event, after which the funds are released to a designated individual.
The money is held in a Trust fund, provided by the lender for the buyer. Documents, real...
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Estate Tax
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A Tax levied on an individual's estate or valuables if they amount to over $600,000.
This Tax does not apply between spouses, who can leave any amount to one another upon death--a right known as the unlimited marital Deduction. Therefore, the estate Tax...
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ETF (Exchange-traded Fund)
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An Exchange-traded fund, or ETF, is a basket of stocks traded on a stock Exchange. Each ETF typically represents a particular sector of the economy or of a country at large.
For instance, the iUnits traded on the TSE are a bundle of 60 large Canadian stocks...
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Ethical investment
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An investment philosophy that avoids nasty companies.
Nasty is in the eye of the beholder, but normally includes arms companies, alcohol companies and companies considered to be environmentally harmful. When looking at these funds ensure that their definition...
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Ethical mutual fund
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Mutual Fund whose objective of management is to reconcile profitability and morals concerns.
The principal categories of ethical funds relate to:
- funds with humane or ecological vocation, resting on the concept of the sharing of the performance and...
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Eurobond
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An international Bond denominated in a Currency not native to the country in which it is issued.
The Eurobond market is an important source of capital for multinational companies and foreign governments, including third world governm2ents.
Contrary...
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European Central Bank (ECB)
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On 1 January 1999, The ECB became the independent Central Bank of the Euro area on 1 January 1999.
ECB is responsible for creating and carrying out EU monetary policy, including the setting of Short-term Interest rates. The ECB also has the sole right...
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European Savings Directive
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Introduced to ensure that individuals pay the correct amount of Tax to the correct country, reducing any advantage gained by investing elsewhere in the European Union.
In the European Union, member states have concluded a multilateral agreement on information...
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Event-Driven
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Strategies that focus on the actual or anticipated occurrence of an event such as a merger, corporate restructuring or Bankruptcy.
The key to the profitability of such investments is the ability to understand the likelihood of an event being completed...
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Ex-Legal
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Municipal bonds that are delivered without a legal opinion from a Bond law firm.
Most bonds have the legal opinion of a Bond law firm printed directly on them. An investor should approach ex-legal bonds with a greater level of caution because of their...
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Exchange
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An Exchange is a market place in which financial contracts are bought and sold; traditionally in a central, physical location called trading floor.
More and more often, though, exchanges take place online between sellers and buyers of traded instruments.
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Exchange-Traded Fund - ETF
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A Security that tracks an index, a commodity or a basket of assets like an index fund, but trades like a stock on an Exchange, thus experiencing price changes throughout the day as it is traded.
Because it trades like a stock whose price fluctuates daily,...
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Exhaustion Gap
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A drop that occurs after the rapid rise in a stock's price begins to tail off.
An exhaustion gap usually reflects falling demand for a particular stock. An exhaustion gap usually reflects falling demand for a particular stock. Many technical analysts...
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Expense
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The economic costs that a business incurs through its operations to earn revenue.
In order to maximize profits, businesses must attempt to minimize expenses without also cutting into revenues. Because expenses are such an important indicator of a business's...
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Expiry Date
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Options expire on a specified point in time called the "expiry date".
It means that they have a limited lifespan. The day on which an options or Futures Contract is no longer valid and, therefore, ceases to exist. Exchange-traded options have a number...
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Explicit Cost
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A cost that is represented by lost opportunity in actual Cash payments.
A business Expense that is easily identified and accounted for. Explicit costs represent Clear, obvious Cash outflows from a business that reduces its bottom-line profitability. This...
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