CORPORATE AND INSTITUTIONAL GLOSSARY

Economic Life (Useful Life)

Effective Date

Effective Lease Rate

End Of Term Options

Endorsement

Equipment Schedule

Equity

Equity Participant

Escheat

European Style Option

Exchange Controls

Exchange Period

Exchange Rate

Exchange Risk

Exchangor

Executor

Exercise

Exercise Price (Strike Price)

Expiration Date

Expiration Date (Maturity)

Export

Export Broker

Export License

Outlined in the lease schedule, these are the choices the lessee has at lease expiration. Depending upon the structure, the lessee may have any one or combination of the following options

• Purchase the asset at FMV
• Return the asset
• Renew the lease for some specified period