Luxweb Finance, le monde de la finance au Luxembourg

Glossary	Financial Newsletter
This glossary contains over 500 financial terms and definitions to help you get a better understanding of the world's financial markets. Select from the following menu to start navigating through the Luxweb Finance glossary.

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Efficient Frontier	The line on a chart that marks out the best combination of risk and return available to investors in a particular market.
Efficient Portfolio	A portfolio which provides the best possible return for a given level of risk, or which offers the least risk for a given return.
Emerging Markets	An emerging market is the stock exchange of a country with a low income per capita but where industry is developing in such a manner that the country can be expected to have a greater influence on the world economy.
Enhanced Scrip Dividend	A corporate action in which a company extends voting rights to a non-voting or restricted voting class of shares, like those of the ordinary or other voting shares.
Equity	The value of a company, which is the property of its shareholders in the form of stocks as opposed to bonds hence these shares are commonly called equities.
ERM	Exchange Rate Mechanism where participating countries agree to uphold the value of their own currencies through intervention.
Eurobond	A Bond which is issued by a Government or international corporation outside its country of origin and issued on the eurobond market. This is an important source of capital for international corporations and governments.
Eurodollar	A U.S currency held in a U.S bank outside of the U.S.A, The first participants were in Europe hence the term Eurodollar although now dealing takes place in most parts of the world.
Ex-warrants	Stock sold with the buyer no longer entitled to the warrant attached to the stock.
Ex-dividend	The purchaser of a security that is ex-dividend would not be entitled to the imminent dividend payment which will be paid to the seller of the shares.
Exchange Rate	The price at which one country’s currency can be exchanged for another.
Execution-Only Service	Service which executes buy and sell orders for clients, but does not offer any investment advice or portfolio management.
Exercise Price	The price of an option contract at which the underlying stock or commodity can be bought (call) or sold (put) over the specified period of the contract.