Financial Dictionary

This dictionary contains:
24549
financial terms

Escheatment




Escheatment

The process of turning over unclaimed or abandoned property to a state authority.

RELATED TERMS
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Property
A legally owned possession or real estate.



SIMILAR TERMS
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Escheat
Reversion of monies or securities to the state in which the security holder was last known to reside, when no claim by the security holder has been made after a certain period of time fixed by state law.

Escheat Period
The period of elapsed time required by applicable state law for property to be presumed abandoned.



PREVIOUS AND NEXT TERMS
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Equivalent taxable yield
The yield that must be offered on a taxable bond issue to give the same after-tax yield as a tax-exempt issue.

Erosion
A negative impact on one or more of a firm's existing assets.

Escalator clause
Provision in a contract allowing cost increases to be passed on.

Escheat
Reversion of monies or securities to the state in which the security holder was last known to reside, when no claim by the security holder has been made after a certain period of time fixed by state law.

Escheat Period
The period of elapsed time required by applicable state law for property to be presumed abandoned.

Escheatment

Escrow
Property or money held by a third party until the agreed upon obligations of a contract are met.

Escrow receipt
A document provided by a bank in options trading to guarantee that the underlying security is on deposit and available for potential delivery.

Escrowed to maturity (ETM)
Holding of the proceeds from a new bond issue to pay off an existing bond issue at its maturation date.

Estate
European Economic Community.

Estate planning
The preparation of a plan to carry out an individual's wishes as to the administration and disposition of his-her property before or after his-her death.

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This dictionary contains 24549 terms.







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