Secured Loans
Used in the context of general equities. Technical market timing strategy that
predicts price movements based on historical price wave patterns and their
underlying psychological motives. Robert Prechter is a famous Elliott Wave
Theorist.
EM
See: Effective Margin
EM
See: Effective margin
Embedded option
An option that is part of the structure of a bond that provides either the
bondholder or issuer the right to take some action against the other party, as
opposed to a bare option, which trades separately from any underlying security.
Emerging markets
The financial markets of developing economies.
Employee stock fund
A firm-sponsored program that enables employees to purchase shares of the
firms common stock on a preferential basis.
Employee stock ownership plan (ESOP)
A company contributes to a trust fund that buys stock on behalf of employees.
EMS
See: European Monetary System
End-of-year convention
Treating cash flows as if they occur at the end of a year as opposed to the date
convention. Under the end-of-year convention, the present is time 0, the end of
year 1 occurs one year hence, etc.
Endogenous variable
A value determined within the context of a model. Related: Exogenous variable
.
