Financial terms beginning with E
9 terms in our plain-English finance glossary starting with the letter E.
- Early Repayment Charge — ERC
A fee for leaving or overpaying a mortgage deal before its period ends.
- Easy Access Account
A savings account you can pay into and withdraw from freely, with a variable rate.
- Electoral Roll
The voter-registration list; being on it helps lenders verify your identity.
- Equity
The part of your home’s value that you own outright, after the mortgage is deducted.
- ETF — Exchange-Traded Fund
A fund that trades on the stock market and holds a basket of investments in one purchase.
- Excess
The part of any claim you pay yourself before the insurer pays the rest.
- Exchange of Contracts
The moment a property purchase becomes legally binding on both buyer and seller.
- Exchange Rate Margin
The mark-up between the real exchange rate and the one you are given.
- Exclusion
Something your policy specifically does not cover, so a claim for it can be refused.