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Earned Income: Wages and salaries received for providing goods and services. Also refers to pension and annuity payments.

Earnings: Profits remaining after the deduction of related costs and expenses. Also refers to a client's distributions.

Effective Date: Day on which an agreement takes effect (i.e., purchase or redemption) and on which the price applied to the transaction is designated.

Effective Yield: A hypothetical figure that estimates what the yield would be if the money market investor continued to reinvest dividends at the current 7-day yield for one year.

Equity: Ownership interest held by shareholders in a corporation.

Equity Funds: Equity funds as a group attempt to offer investors growth or capital appreciation over the long term. Because of the variety of equity securities available, many funds try to target a particular type of equity security.

Equivalent Taxable Yield: Calculation of what a taxable investment would have to pay to equal a particular tax-free yield. Can apply an actual investor's current federal or combined tax bracket. Intended to demonstrate the after-tax benefit of investing in municipal securities.

ERISA: Employee Retirement Income Security Act. Law governing the overall administration and operation of most kinds of retirement plans.

Escheatment: Delivery of abandoned property pursuant to state law.

Eurodollar: U.S. dollar deposits held by banks outside the U.S. and which compose the major international money market. Primarily used for international currency exchange.

Eurodollar Bonds: Securities issued by European banks that pay interest and principal in U.S. dollars and are not registered with the Securities and Exchange Commission (SEC).

Ex-dividend Date: Date upon which a given stock will begin trading in the marketplace without the value of a pending dividend included in the share price.

Expense Absorption: Where a mutual fund company manager assumes part or all of a fund's expenses, and/or waives receipt of fees payable to it, intended to boost fund performance.

Expense Limitation: Maximum amount of operational expenses which may be charged against a fund, typically pursuant to an undertaking by the fund's manager or by contractual provision.