Business and Personal Finance Dictionary

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• ESCROW REQUIREMENTS - The debt service cash flow which an escrow is structured to pay. This is the cash...
  
  
• ESCROW YIELD - The annual discount rate that, when used in computing the present value (as of the purch...
  
  
• ESCROWED TO MATURITY (ETM) - Holding of the proceeds from a new bond issue to pay off an existing bond ...
  
  
• ESEMENT - Giving other persons, other than the owner, access to a property.
  
  
• ESOP - Is the Employee Stock Ownership Plan. It is similar to a profit sharing plan but, here, only the...
  
  
• ESP - The ISO 4217 currency code for the Spanish Peseta.
  
  
• ESSENTIAL ELEMENTS OF A VALID CONTRACT - 1. Offer and acceptance; 2. Consideration; 3. Legally competen...
  
  
• ESSENTIAL PURPOSE (OR FUNCTION) BOND - See: Public purpose bond
  
  
• ESSENTIALS OF A VALID LEASE - A lease is a form of contract. To be valid, a lease must meet essentially...
  
  
• ESTABLISHMENT FEE - An amount often charged by lenders to cover the cost of setting up new mortgages.