Secured Loans
Economic surplus
For any entity, the difference between the market value of all its assets and the
market value of its liabilities.
Economic union
An agreement between two or more countries that allows the free movement of
capital, labor, all goods and services, and involves the harmonization and
unification of social, fiscal, and monetary policies.
Economies of scale
The decrease in the marginal cost of production as a firms scale of operations
increases.
Economies of scope
Scope economies exist whenever the same investment can support multiple
profitable activities less expensively in combination than separately.
ECU
See: European Currency Unit
EDGAR
The Securities & Exchange Commission uses Electronic Data Gathering and
Retrieval to transmit company documents such as 10-Ks, 10-Qs, quarterly
reports, and other S.E.C. filings, to investors.
Edge corporations
Specialized banking institutions, authorized and chartered by the Federal
Reserve Board in the U.S., which are allowed to engage in transactions that have
a foreign or international character. They are not subject to any restrictions on
interstate banking. Foreign banks operating in the U.S. are permitted to organize
and own an Edge corporation.
EDI
See: Electronic Data Interchange
Effective annual interest rate
