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SPEEDY Railway Book (English)

Banking Terms and Glossary : Part - 5 (Alphabet - E)


Banking Terms and Glossary : Part - 5 (Alphabet - E)

Essential for All Upcoming Bank Exams
  • Equity – A business value is settled after all loans and other claims. Also, the amount of cash invested in the difference between a business owner and / or a property that can be sold for a property and the total debt registered against it. 
  • Electronic deposit verification (EDV) – Another way to verify the bank's account is to find out which link you want to link to. The countrywide bank will send two micro deposits electronically to your linked account. Once you have returned the deposit to us, you can transfer funds from and to the connected account. 
  • Electronic Funds Transfer (EFT) – Subscriber electronic system - such as automated teller machines (ATMs) and electronic bills, exchange money instead of check or cash. (Wire transfer, check, draft, and paper devices do not fall into this category). 
  • Electronic Banking – A service that allows account holders to collect account information and propulsion certain banking transactions through personal computers through financial institutions' websites on the Internet. (Also known as internet or online banking). 

  • Escrow Account - A bank which acts as an unconditional third party (custodian / depository) for the account, which ensures the consistency of the terms of the agreement between the two parties, only to supplement certain stated conditions. The statement stated in this statement is committed. Banks maintain an account in which the tax is taxable, insurance on mortgages Property, etc. 
  • Exchange Rate Risk – The risk that changes in currency exchange rates can have a hostile effect on the economic unit cost or income. 
  • Equal Credit Opportunity Act (ECOA) – Dealing with discrimination on the basis of an applicant from credit applicants, national origin, income, race, religion, marital status, sex, age, or public assistance program is prohibited. 
  • Economic Development Corporation (EDC) – A special kind of corporation is not only acting as a tube founded by a community. As a municipal body, in most cases, the EDC can fund or sell exempt securities from federal income tax. As a result, EDC can raise funds at a lower interest rate than in business. Lower level funds are bought by the EDC for fixed assets which are leased for business. The lease rate reflects the low cost of the EDC's capital. EDC does not have any obligation to pay interest and principals of loans and does not pass the payment of the business through the investors. 
  • Effective rate of interest – Annual Returns Percent Returns reflects the intra-year integrated effect. 
  • Earning Yield – The ratio of earning per share to market price of the share. 
  • Embezzlement – In most states, fraud is defined as a property / asset (money or property) by property or liability on the belief or position as the property of theft or property. Employ-ability usually occurs in employment and corporate settings. 
  • Estate Account - An account held in the name of a death that is operated by an executor or estate administrator. 
  • EOUs – Export-Oriented Units. 
  • eBills – Electronic bills are being provided directly to your online banking account instead of sending your home mail. 
  • Equitable Mortgage - A mortgage in which there is still a property which owns security for mortgages. Owners can occupy or occupy the property.
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