define explain e

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

E

Early termination charges – Fees levied for repaying a loan before its specified conclusion.

Encumbrance – Outstanding liability on a property.

Equipment loan – see Chattel mortgage.

Equity – The current market value of an asset minus any outstanding debt or claim against it.

Exit fees – see Break costs

Expenses – Day-to-day outgoings, such as food, housing and entertainment.