Glossary | E
|A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | Y | Z | 0-9|
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.