| |
| Earnings per Share |
 |
| A financial ratio that identifies the amount of profit earned by a company for each outstanding share. Calculation: Net Income after tax / Number of Ordinary shares outstanding |
| |
| Electronic Funds Transfer (EFT) |
|
| A computerised method of transfer funds between banks and authorise merchants for making purchases, payment of payments, cash withdrawals, payments of wages and salaries etc.. |
| |
| Embargo |
|
| A complete ban on certain imported or exported products |
| |
| Employer’s Association |
|
| A group of employees, which allow them to make broad representation thorough an elected spokesperson in dealing with disputes with management and industrial unions |
| |
| Endorsement |
|
| A procedure that renders commercial paper transferable when the payee signs the back of the negotiable instrument |
| |
| Endowment Insurance |
|
| Insurance, which provides both protection and savings for the individual who pays premiums and builds up a cash surrender value in the policy at a predetermined maturity date. Sometime used as a hedge against fluctuating interest rates on mortgages |
| |
| Endowment Policy |
|
| A type of insurance policy that provides coverage for specified period after which the face value, with any bonuses, are refunded to the policy holder |
| |
| Engineering |
|
| The art or science of making practical application of the knowledge associated with the pure sciences ie physics, chemistry, biology etc.. or the action or work of the profession of an engineer |
| |
| Entrepreneur |
|
| A person who pioneers the establishment of a business and takes all the risks of failure to gain success |
| |
| Entrepreneurship |
|
| The taking of risks to set up and operate a business |
| |
| Environmental Impact Study (EIS) |
|
| A process of research and analysis resulting in a report that determines the impact of a development project of any kind against a predetermined range of specified criteria |
| |
| Equal Opportunity Commission |
|
| A body set up by government to increase job opportunities for women and minorities and to assist in ending discrimination based on race, colour, religion, sex or national origin in any personnel action |
| |
| Equilibrium Price |
|
| The price that exists in the market place for a particular good or service which is determined by the intersection of the supply and demand curves |
| |
| Equities |
|
| Claims against the assets of a business |
| |
| Equity Capital |
|
| Funds provided by the owners of a business when establishing the business, the retention of future profits, other stakeholders such as investors and venture capitalist |
| |
| Equity Funds |
|
| Funds obtained by selling shares in a business, reinvesting company earnings or additional contributions made by the owners of the business |
| |
| Exchange |
|
| The process by which two or more parties give something of value to one another to satisfy each others needs, objectives or requirements |
| |
| Exchange Control |
|
| The allocation, restriction or expansion of foreign currency according to existing national policy |
| |
| Exchange Rate |
|
| The rate at which a country’s currency can be exchanged for other currencies or gold |
| |
| Exclusive Distribution |
|
| The strategy of giving a retailer or wholesaler the exclusive right to sell a particular product or service in a specific geographical area |
| |
| Expense Items |
|
| Consumable items used in the day-to-day running of a business and usually consumed within one year of their purchase |
| |
| Exporting |
|
| The act of selling domestic goods to another country |
| |
| Express Warranties |
|
| Warranties that have specific representations made by the seller regarding the goods |
| |
| External Data |
|
| Data that is generated outside of the company |
| |
