1-3 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Earned income: Payment received for performing some form of work, such as a wage, salary, commission, and tips.
Earned income tax credit: A tax credit intended to help low-income working people who, in addition to meeting a certain criteria, also earn less than the annual maximum that applies to their filing status.
Electronic bill payment: Paying household bills automatically through electronic direct debit from your checking account.
Elimination period: The amount of time that lapses after your disability and before the insurance company begins to pay you.
Emergency fund: Three to six months worth of living expenses in readily available cash in case of an emergency.
Employer identification number: A unique nine-digit number issued by the IRS to US businesses.
Employer sponsored retirement plan: A tax-deferred retirement plan offered to employees by an employer. They include: 401(k), a 403(b), 457, and a Thrift or a SIMPLE plan.
Equity: Your ownership stake in a piece of property or other asset.
Escrow agent: A person or business entity that holds your assets in an escrow account as you negotiate through a transaction. Once all parties are satisfied that mutual obligations have been met, the escrow agent releases assets.
Essential expense: A mandatory expense, such as food, shelter, and water.
Executor: The designated person responsible for ensuring your instructions within your will is followed.
Exemption: An allowance you may qualify to take when computing your taxable income. Based upon your unique circumstance you may take one exemption for yourself, one for your spouse, and one for each dependant you have living with you.