Expected Value Used with probability distributions. Denotes weighted averages of such distributions. … [Read more...]
Expense Ratio
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Expense Ratio Also termed Operating Expense Ratio (OER). Shown in the latest annual statement as a percentage. Denotes the proportion of assets spent to operate a mutual fund. Encompasses fees relating to management and advisory services, overhead costs, distribution and marketing … [Read more...]
Expensed
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Expensed Reduction of profit reported for a year by charging to an expense account, in accordance with practices pertaining to expenses incurred on items that do not have measurable worth beyond a one year period. … [Read more...]
Expiration
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Expiration The point in time when the option contract ceases to exist. … [Read more...]
Expiration Cycle
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Expiration Cycle The dates on which a specific security’s options expire. Any option is placed in one cycle of the following: January cycle, February cycle, or March cycle. At a given time, an option has contracts with 4 outstanding expiration dates with 2 of these falling in … [Read more...]
Expiration Date
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Expiration Date Last exercise date of an option. For American style options, this term denotes the last date on which the option can be exercised, for European style options it denotes the only day on which it can be exercised. In case of stock options, the Saturday following the … [Read more...]
Expiration Time
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Expiration Time The time beyond which an options contract is invalid. It gives a more accurate deadline to the contract than expiration date by specifying the time of the day. … [Read more...]
Ex-Dividend Date
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Ex-Dividend Date First trading day when a seller has a right to claim the latest dividend announced instead of the buyer of the stock. The date is specified by the NYSE and followed by other exchanges in the U.S. At present, it is two business days before record date. An ‘X’ marking … [Read more...]
Export-Import Bank (Ex-Im Bank)
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Export-Import Bank (Ex-Im Bank) A federal government agency that enables exports by providing trade credits to domestic companies. … [Read more...]
Exposure Netting
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Exposure Netting Setting of exposures in a currency by means of exposures in either the same or different currency. Such set off takes place when expectations are that exchange rates will move to balance gains/ losses on the original open position with gains/ losses arising from the … [Read more...]
Expunge
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Expunge The destruction of an AUTEX indication by any action. This permanently removes all trace of a trader's notification for a block order. … [Read more...]
Extendable Bond
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Extendable Bond Extendable maturity bond wherein the extension is done at the discretion of issuer or lender. … [Read more...]
Extendable Notes
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Extendable Notes A note whose maturity can be extended through a mutual agreement between investors and issuer. … [Read more...]
Extension
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Extension An arrangement that is voluntarily undertaken to restructure debt of a company, owing to which postponement of payment date occurs. … [Read more...]
Extension Date
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Extension Date Expiry date or extension date of the first option. … [Read more...]
Extension Swap
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Extension Swap Maturity enhancement by means of a swap. For example, by selling 2-year notes and purchasing longer current maturity notes. … [Read more...]
External Finance
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External Finance New issues of stock of debt securities or other funds not generated by the firm. … [Read more...]
External Market
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External Market Also termed international market, Euromarket, offshore market. The mechanism for securities trading where the securities are offered at one single instance to investors in different countries and the issue is not within the jurisdiction of any one country. … [Read more...]
Externality
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Externality The outcomes of an economic activity that influences third parties who are not directly involved in the activity. Can be positive or negative. … [Read more...]
Extra or Special Dividends
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Extra or Special Dividends In addition to a company’s normal dividend (quarterly dividend), extra or special dividends are sometimes announced. … [Read more...]
