E-Cash: Also known as electronic cash and digital cash, e-cash is a technology where the banking organizations resort to the use of electronics, computers and other networks to execute transactions and transfer funds.
ECBs: External Commercial Borrowings.
ECGC: Export Credit Guarantee Corporation
Education Loan: An education loan, also known as student's loan, is specifically meant to provide forthe borrower's expenditure towards education. In the majority of countries, educational loans tend to have a low rate of interest. The period of repayment also stars after the completion period of he loan.
Effective Rate of Intrest: The percentage rate of return on an annual basis, reflecting the effect of intra-year-compounding.
Electronic Filing: Electronic Filing is the method of filing of tax returns and tax forms on the internet.
EFT: "Electronic Funds Transfer(EFT)" allows entities to transfer funds from an account electronically, it can be used by creditors to pull funds from a customer automatically. EFT's are efficient, immediate, and easy.
Electronic Purse: A reloadable multipurpose prepaid card which may be used for small retail or other payments instead of coins.
Encryption: Encryption is aprocess that is used to ensure the privacy and security of a person's confidential financial information. The catual process involves scrambling of the data of the person, in such a manner, so that only the person himself can see the data.
Endorsement: Endorsement is basically the handing over of rights of a financial/legal document or a negotiable instrument to another person. the person who hands over his/her rights is known as the endorser, and the person to whom the rights have been transfered is known as the endorsee.
Endowment Mortgage: Interest only is paid over the term of this sort of mortgage and the capital is repaid at the end of the term by using the monies from an endowment policy.
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