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GLOSSARY
Canadian Financial, Real Estate and Mortgage Glossary
Currently Displayed — Page 1 E-cheque — Electronic Data Interchange |
Next Page Electronic Filing — Equitable Trust Company |
- e-cheque — Definition
- An electronic version of a paper cheque. The account holder writes an e-cheque using a computer or other type of electronic device and transmits the e-cheque to the payee electronically. Like paper cheques, e-cheques are signed by the payer and endorsed by the payee. Rather than handwritten or machine-stamped signatures, however, e-cheques are affixed with digital signatures, using a combination of smart cards and digital certificates. The payee deposits the e-cheque, receives credit, and the payee's bank clears the e-cheque to the paying bank. The paying bank validates the e-cheque and then charges the cheque writer's account.
- early closing cost reimbursement — Definition
- Some line-of-credit lenders waive underwriting costs when a line is opened in anticipation of future profits. If a line is then closed early, these institutions impose those fees retroactively.
- early occupancy — Definition
- A condition in which the seller allows the buyer to move in before the sale is closed.
- early termination charge — Definition
- Charges that the leasee must pay if the car is turned in early before the term of the lease is over.
- early withdrawal penalty — Definition
- A depositor forfeits interest or is charged a service fee for either withdrawing funds or closing a time deposit before the maturity date.
- earned income — Definition
- Money earned through wages, salaries, tips, net earnings (if self-employed), and any other income received for work or personal services. Investment income, such as dividends and interest, is not counted as earned income.
- earned income tax (EIT) — Acronym
- earned premium (EP) — Definition
- The amount of premiums that an insurer has collected from an insurance policy at a given time.
- earnest money deposit (EMD) — Definition
- Money given by a buyer when making a formal offer to demonstrate that the buyer is serious. Also called a deposit.
- ➥ A down payment.
- earnings before interest and taxes (EBIT) — Acronym
- earnings before interest, taxes, depreciation and amortization (EBITDA) — Acronym
- earnings per share (EPS) — Acronym
- ➥ A measurement of company performance.
- easement — Definition
- Giving persons other than the owner access to or over a property.
- economic growth — Definition
- The rate of change in output from one year to the next.
- economic indicators — Definition
- Statistics that help determine how the economy is faring. They include the Consumer Price Index, housing starts, and unemployment rates, among others.
- economic internal rate of return (EIRR) — Acronym
- economic rate of return (ERR) — Acronym
- Edmonton Real Estate Board (EREB) — Company Est.1927, Edmonton, Alberta, Canada
- ➥ In 2007 the EREB changed its name to the REALTORS® Association of Edmonton.
- Education Property Tax Credit (EPTC) — Manitoba, Canada
- ➥ Property tax credit offer to residents in Manitoba.
- Education Savings Plan (ESP) — Canada
- A savings vehicle used to save for a child's post-secondary education.
- ➥ Offers tax-free earnings.
- educational assistance payment (EAP) — Acronym
- A payment from an RESP to assist a beneficiary in covering expenses associated with post-secondary education.
- effective age — Definition
- An appraiser's estimate of the physical condition of a building. The actual age of a building may be shorter or longer than its effective age.
- effective gross income (EGI) — Acronym
- effective gross income multiplier (EGIM) — Acronym
- effective interest rate (EIR) — Acronym
- Effort Trust Company — Company Est.1978, Canada-wide, Important
- ➥ A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
- eft/pos — Definition
- Electronic funds transfer (EFT) at the point of sale (POS).
- electronic cash — Definition
- Also known as e-cash. A system used to transfer cash over the Internet to pay for goods and service.
- electronic commerce — Definition
- The purchase or sale of products and services through an electronic system such as the Internet.
- electronic data interchange (EDI) — Definition
- EDI is a system that companies use to exchange business information electronically, virtually eliminating paperwork.
Currently Displayed — Page 1 E-cheque — Electronic Data Interchange |
Next Page Electronic Filing — Equitable Trust Company |
Search the Glossary
Index for The Letter 'e'
Page 1: | E-cheque — |
Electronic Data Interchange | |
Page 2: | Electronic Filing — |
Equitable Trust Company | |
Page 3: | Equity — |
Expense Ratio | |
Page 4: | Expensing — |
Extended Warranty |
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