CORPORATE & 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

The effective rate (to the lessee) of cash flows resulting from a lease transaction. To compare this rate with a loan interest rate, a company must include in the cash flows any effect the transactions have on federal tax liabilities.