Alphabetical - E

Early Exercise	Exercising before the maturity date.
Earnings Yield	Earnings per share (after tax) expressed as a percentage of share price
EBITDA	Earnings Before Interest, Tax, Depreciation and Amortisation
ECGD	Export Credit Guarantee Department - government agency which provides trade insurance for exporters.
ECU	European Currency Unit - a weighted basket of currencies to give an "average" value especially against the dollar.
EDR	Euro Depositary Receipt
Efficient Market Theory	Theory that asset prices reflect currently available information and fully discount expected future cash flows.
EFTPOS	Electronic Funds Transfer at Point Of Sale - a scheme which allows customers to pay retailers with an electronic card. The funds are automatically debited from a client's account and credited to the retailer's.
Eligible Bill	Bills of Exchange eligible for sale to a central bank when acting as "lender of last resort".
Embedded Option	An option that is an inseparable part of another instrument
Empirical Research	Research based on historical market data.
EMS	European Monetary System - general agreement on monetary cooperation. Includes official use the Ecu.
EMU	European Monetary Union
Endowment Mortgage	Mortgage linked to a life-assurance scheme.
EPS	Earnings Per Share
Equity	General terms of shares.
Equity Collar	??
Equity Convertible	Bond which can be converted into the shares of the issuing company.
Equity Swap	A swap where the return on an equity portfolio is exchanged for either a fixed or a floating rate of interest.
ERM	Exchange Rate Mechanism
ETF	Exchange Traded Fund
Eurex	The merged German-Swiss electronic derivatives exchange.
EURIBOR	Rate at which banks in the eurozone borrow from one another.
Euro	The European single currency
EuroBond	A bond issued in the Euromarket. A bond sold in a market outside that of the domestic currency
EuroClear	Secondary market clearing and settlement system
EuroCurrencies	Any currency held by banks, companies or individuals outside its country of origin.
EuroCurrency	A currency that is outside the formal control of the issueing country's monetary authorities.
EuroDollar	A dollar held in a bank outside the US.
EuroDollar Futures Contract	A futures contract written on a Eurodollar receipt.
EuroDollar Interest Rate	The interest rate on a eurodollar deposit
EuroMarket	The offshore international financial market
EuroNext	??
EuroNote	Short-term security denominated in a Eurocurrency.
European Option	An option that can only be exercised at the end of its life.
EWMA	Exponentially Weighted Moving Average
Exchange Option	An option to exchange one asset for another
Exchange Rate	The price at which one currency can be exchanged for another.
Exchange Traded	A transaction where a specific instrument is bought or sold on a regulated exchange
Ex-Dividend	see XD-Dividend
Ex-Dividend Date	When a dividend is declared, an ex-dividend date is specified.
Executive Stock Option	A stock option issued by a company on its own stock and given to its executives as part of their renumeration.
Exercise Price	The price at which an option can be exercised (i.e. bought or sold).
Exotic Option	A non standard option
Exotics	??
Expectations Theory	The theory that forward interest rates equal expected future spot interest rates.
Expected Value of a Variable	The average value of the variable obtained by weighting the alternative values by their probabilities.
Expiry Date	The end of the life of the contract.
Exponential Weightings	A weightings scheme where the weight given to an observation depends on how recent it is.
Exponentially Weighted Moving Average Model	A model where exponential weighting is used to provide forecasts for a variable from histrical data.
Extendable Bond	A bond whose life can be extended at the option of the holder.
Extendable Swap	A swap whose life can be extended at the option of one side to the contract.

Early Exercise Exercising before the maturity date.
Earnings Yield Earnings per share (after tax) expressed as a percentage of share price
EBITDA Earnings Before Interest, Tax, Depreciation and Amortisation
ECGD Export Credit Guarantee Department - government agency which provides trade insurance for exporters.
ECU European Currency Unit - a weighted basket of currencies to give an "average" value especially against the dollar.
EDR Euro Depositary Receipt
Efficient Market Theory Theory that asset prices reflect currently available information and fully discount expected future cash flows.
EFTPOS Electronic Funds Transfer at Point Of Sale - a scheme which allows customers to pay retailers with an electronic card. The funds are automatically debited from a client's account and credited to the retailer's.
Eligible Bill Bills of Exchange eligible for sale to a central bank when acting as "lender of last resort".
Embedded Option An option that is an inseparable part of another instrument
Empirical Research Research based on historical market data.
EMS European Monetary System - general agreement on monetary cooperation. Includes official use the Ecu.
EMU European Monetary Union
Endowment Mortgage Mortgage linked to a life-assurance scheme.
EPS Earnings Per Share
Equity General terms of shares.
Equity Collar ??
Equity Convertible Bond which can be converted into the shares of the issuing company.
Equity Swap A swap where the return on an equity portfolio is exchanged for either a fixed or a floating rate of interest.
ERM Exchange Rate Mechanism
ETF Exchange Traded Fund
Eurex The merged German-Swiss electronic derivatives exchange.
EURIBOR Rate at which banks in the eurozone borrow from one another.
Euro The European single currency
EuroBond A bond issued in the Euromarket. A bond sold in a market outside that of the domestic currency
EuroClear Secondary market clearing and settlement system
EuroCurrencies Any currency held by banks, companies or individuals outside its country of origin.
EuroCurrency A currency that is outside the formal control of the issueing country's monetary authorities.
EuroDollar A dollar held in a bank outside the US.
EuroDollar Futures Contract A futures contract written on a Eurodollar receipt.
EuroDollar Interest Rate The interest rate on a eurodollar deposit
EuroMarket The offshore international financial market
EuroNext ??
EuroNote Short-term security denominated in a Eurocurrency.
European Option An option that can only be exercised at the end of its life.
EWMA Exponentially Weighted Moving Average
Exchange Option An option to exchange one asset for another
Exchange Rate The price at which one currency can be exchanged for another.
Exchange Traded A transaction where a specific instrument is bought or sold on a regulated exchange
Ex-Dividend see XD-Dividend
Ex-Dividend Date When a dividend is declared, an ex-dividend date is specified.
Executive Stock Option A stock option issued by a company on its own stock and given to its executives as part of their renumeration.
Exercise Price The price at which an option can be exercised (i.e. bought or sold).
Exotic Option A non standard option
Exotics ??
Expectations Theory The theory that forward interest rates equal expected future spot interest rates.
Expected Value of a Variable The average value of the variable obtained by weighting the alternative values by their probabilities.
Expiry Date The end of the life of the contract.
Exponential Weightings A weightings scheme where the weight given to an observation depends on how recent it is.
Exponentially Weighted Moving Average Model A model where exponential weighting is used to provide forecasts for a variable from histrical data.
Extendable Bond A bond whose life can be extended at the option of the holder.
Extendable Swap A swap whose life can be extended at the option of one side to the contract.