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Earned Income
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Income (particularly wages and salaries)
generated by providing goods or services. Also includes pension or annuity
income.
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Effective Date
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Date when an offering registered with the
SEC may commence, usually 20 days after filing the registration statement.
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ElectroNotes
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Tennessee Valley Authority version of Direct
Access Notes. See Direct Access Notes.
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Equity
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Excess of securities over debit balance in a
margin account, or the total market value of a cash account.
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Equity UIT
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A registered trust in which investors
purchase units from a fixed portfolio of equities, which are chosen and managed
by a professional money manager. Securities in the trust remain there for
the life of the trust, which is most often one year. At that point they can
either be liquidated at market value or rolled over into a newer, current
version of the trust.
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Coverdell Education Savings Account (ESA)
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A Coverdell Education Savings Account (ESA)
is an account that helps individuals save for the cost of elementary, high
school or higher education. Multiple Coverdell ESA accounts may be opened on
behalf of anyone under the age of 18, as long as the total contributions do
not exceed $2,000 a year per child.
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Ex-Date
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Also called Ex-dividend Date. The
date on which a stock trades without the dividend amount figured into the
price. Ex-dividend is an interval between the announcement and the payment
of the next dividend. An investor who buys shares during that interval is
not entitled to the dividend. Normally, a stock's price moves up by the
dollar amount of the dividend as the ex-dividend date approaches, then
falls by the amount of the dividend after that date. A stock that has gone
ex-dividend is marked with an X in newspaper listings.
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Exercise
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To make use of a right available in an options
contract. In options trading, a buyer of a call contract may exercise the
right to buy underlying shares at a particular price by informing the
option seller. A put buyer's right is exercised when the underlying shares
are sold at the agreed-upon price.
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Expiration Date
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The specified date on which an option is
exercised, assigned or becomes worthless and the buyer no longer has the
rights specified in the contract.
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