Secured Loans
Graph representing a set of portfolios that maximize expected return at each
level of portfolio risk.
Eighth[-ed]
Used in the context of general equities. A Specialist or another broker is bidding
higher or offering lower than we are, often topping or undercutting us by an
eighth.
Either/or facility
An agreement permitting a bank customer to borrow either domestic dollars from
the banks head office or Eurodollars from one of its foreign branches.
Either-or order
Used in the context of general equities. See: Alternative order.
Either-way market
In the interbank Eurodollar deposit market, an either-way market is one in which
the bid and offered rates are identical.
Elasticity of an option
Percentage change in the value of an option given a 1% change in the value of
the options underlying stock.
Electronic data interchange (EDI)
The exchange of information electronically, directly from one firms computer to
another firms computer, in a structured format.
Electronic depository transfers
The transfer of funds between bank accounts through the Automated Clearing
House (A.C.H.) system.
Eligible bankers acceptances
In the BA market, an acceptance may be referred to as eligible because it is
acceptable by the Fed as collateral at the discount window and/or because the
accepting bank can sell it without incurring a reserve requirement.
