What Is an Employee Buyout (EBO)? An employee buyout (EBO) is when an employer offers select employees a voluntary severance package. The package usually includes benefits and pay for a specified period of time. An EBO is often used to reduce costs or avoid or delay layoffs. An employee buyout (EBO) may also refer to
What Is the Employee Benefits Security Administration (EBSA)? The Employee Benefits Security Administration (EBSA) oversees and enforces provisions of the Employee Retirement Income Security Act of 1974 (ERISA). As an agency of the Department of Labor (DOL), EBSA is charged with enforcing the rules governing the conduct of plan managers, the investment of plan assets, the reporting
What Is Earnings Before Tax (EBT)? Earnings before tax (EBT) is a measure of financial performance. It reveals a company’s earnings before taxes are deducted, is calculated by subtracting all expenses excluding taxes from revenue, and appears as a line item in the income statement. EBT is sometimes also called pre-tax income, profit before tax
What Is eCash? eCash was a digital-based system that facilitated the transfer of funds anonymously. A pioneer in cryptocurrency, its goal was to secure the privacy of individuals that use the Internet for micropayments. eCash was created by Dr. David Chaum under his company, DigiCash, in 1990. Though there was interest in the platform from large
What is the ECB Announcement An ECB Announcement refers to the publication of any changes to monetary policy made by the governing council of the European Central Bank (ECB). The governing council is the primary decision-making body of the ECB, which acts as the central bank of the eurozone. Understanding the ECB Announcement ECB Announcements are
What Is an Electronic Communication Network (ECN)? An electronic communication network (ECN) is a computerized system that automatically matches buy and sell orders for securities in the market. ECN trading is especially helpful when investors in different geographic areas wish to complete a secure transaction without the use of a third party. Key Takeaways An
What Is an ECN Broker? An ECN broker is a financial intermediary that uses electronic communications networks (ECNs) to give clients direct access to other participants in equity and currency markets. Because an ECN broker consolidates price quotations from several market participants, it can generally offer its clients tighter bid/ask spreads than would be otherwise available
What Is the Equal Credit Opportunity Act (ECOA)? The Equal Credit Opportunity Act (ECOA) is a federal civil rights law that forbids lenders to discriminate against loan applicants for any reason other than their ability to repay. Specifically, ECOA protects consumers from discrimination based on race, color, religion, national origin, sex, marital status, age, eligibility
What Is Electronic Commerce (Ecommerce)? Electronic commerce (ecommerce) refers to companies and individuals that buy and sell goods and services over the Internet. Ecommerce operates in different types of market segments and can be conducted over computers, tablets, smartphones, and other smart devices. Nearly every imaginable product and service is available through ecommerce transactions, including books
What Is Econometrics? Econometrics is the use of statistical and mathematical models to develop theories or test existing hypotheses in economics and to forecast future trends from historical data. It subjects real-world data to statistical trials and then compares the results against the theory being tested. Depending on whether you are interested in testing an
