Securities and Advisory Services offered through First Allied Securities, Inc., A Registered Broker Dealer, Member FINRA/SIPC. An Advanced Equities Company.

• Earnings
  Net income for a company.
  
  
• Earnings before interest and taxes (EBIT)
  A company's earning power
  
  
• Earnings per share (EPS)
  A company's profit divided by its number of outstanding shares.
  
  
• Effective rate
  A debt security's yield calculated from the purchase price.
  
  
• Employee stock ownership plan (ESOP)
  A company contributes to a trust fund that buys stocks on behalf of employees.
  
  
• Equity
  The ownership interest of stockholders in a company. Also, the excess of the market value of securities over debit balance in a margin account.
  
  
• Estate taxes
  A tax on the estate of a deceased person before it transfers to heirs or entities owed by the estate.
  
  
• Eurodollar
  U.S. currency in a European bank or other institution outside the U.S.
  
  
• Exchange
  A marketplace where agents trade shares and options. Principle U.S. stock exchanges are the New York Stock Exchange (NYSE), American Stock Exchange (AMEX), and the National Association of Securities Dealers (NASDAQ).
  
  
• Ex-dividend
  A security that does not carry the right to recently declared dividends.
  
  
• Execution
  Completing an order to buy or sell securities.
  
  
• Expense ratio
  Operating costs, including management fees, expressed as a percentage of a fund's average net assets for a given time period.
  
  
• Extra
  A dividend that is paid in addition to a firm's 'regular' quarterly dividend.