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 property escheats to the state when a person dies without a will and there are no heirs. The term is also applied to unclaimed properties in a financial institution. After a period of time the institution must turn over the properties to the state.