What Is an Extraordinary General Meeting? An extraordinary general meeting (EGM) is a shareholder meeting called other than a company’s scheduled annual general meeting (AGM). An EGM is also called a special general meeting or emergency general meeting. Key Takeaways An extraordinary general meeting (EGM) refers to any shareholder meeting called by a company other than
What Is EGTRRA? The Economic Growth and Tax Reconciliation Relief Act of 2001 (EGTRRA) is a U.S. tax law signed by President George W. Bush that made significant changes to retirement plan rules and overall tax rates. The law was passed with a sunset provision to end in 2010 but was extended and is widely
What Is the Emirates Interbank Offered Rate (EIBOR)? The Emirates Interbank Offered Rate, known by its abbreviation EIBOR, is the benchmark interest rate, stated in UAE dirham, for lending between banks within the United Arab Emirates (UAE) market. The dirham is the unit of currency in the UAE. The EIBOR is also the reference rate
What is eIDV (Electronic Identity Verification) eIDV (Electronic Identity Verification) makes use of publicly available data as well as private databases to quickly verify the identity of an individual. eIDV uses personal information such as name, date of birth, Social Security number, and address among other data fields. The result of an eIDV search on an individual’s identity
What Is the Einhorn Effect? The term Einhorn effect refers to the sharp movement of a public company’s share price in response to comments or trading activity by hedge fund manager David Einhorn. Einhorn is the president and co-founder of Greenlight Capital. The phenomenon usually applies to the drastic drop in share prices immediately after Einhorn
What Is an Either-Way Market? An either-way market refers to situations where there appears to be a roughly equal chance for a market to move up as there is for the market to move down. Either-way markets are temporary situations and can refer to the market as a whole or individual investments such as stocks.
What Is Elastic? Elastic is a term used in economics to describe a change in the behavior of buyers and sellers in response to a change in price for a good or service. In other words, demand elasticity or inelasticity for a product or good is determined by how much demand for the product changes as the price increases
What Is Elasticity? Elasticity is a measure of a variable’s sensitivity to a change in another variable, most commonly this sensitivity is the change in quantity demanded relative to changes in other factors, such as price. In business and economics, price elasticity refers to the degree to which individuals, consumers, or producers change their demand or
What Is an Election Period? An election period is a period during which an investor who owns an extendable or retractable bond, or the issuer of those bonds, must indicate whether or not they will exercise their option to extend or retract those bonds. An extendable bond is a long-term debt security that includes an option
What Is Electronic Benefits Transfer (EBT)? Electronic benefit transfer is a card-based system similar to a debit card that allows recipients of government assistance such as food stamps to pay retailers directly for their purchases. State governments provide benefits and track their use via the EBT system. Key Takeaways Through the EBT program, recipients of
