10 terms starting with E
An e-signature (electronic signature) is any electronic mark, action or process that shows a person's intention to accept the contents of an electronic document or message.
Read definitionEarly settlement is paying a loan or lease out in full before the end of its term using the lender's payout figure, or bringing a property settlement date forward.
Read definitionEarnings before interest and tax (EBIT) is a business's operating profit before financing costs and tax, showing what core operations earn regardless of debt levels or tax rates.
Read definitionEconomic life is the period during which an asset keeps earning enough to justify running it, after allowing for maintenance costs, lost efficiency, new technology and market demand.
Read definitionAn encumbrance is a claim someone else holds over an asset, such as a loan secured against it, that limits how freely it can be sold.
Read definitionEquifax is a credit reporting body (credit bureau) that collects credit information from lenders and public records to build the credit files, reports and scores used to assess applications.
Read definitionEquipment finance is business finance used to buy or lease machinery, vehicles and other equipment, where the equipment itself secures the loan or is owned by the financier.
Read definitionAn equipment schedule is the single, auditable list of the plant and machinery on a project or contract, used to manage delivery, commissioning and handover.
Read definitionEquity is the share of an asset you actually own: its market value less any debt secured against it, such as a mortgage.
Read definitionEthics in lending is the set of conduct standards that shape how brokers and lenders treat borrowers, manage conflicts of interest and make decisions beyond what the law requires.
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