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					Word(s) :   Early redemption fee - a charge made by the mortgage lender if the loan is repaid or moved to another lender before the agreed date. Earnings cap - The upper limit on the amount of salary that can be taken into account when calculating how much you can contribute to your pension, or take from your pension. Earnings limit (lower) - The minimum level of earnings (ie- salary or wages) before a person begins to pay National Insurance Contributions. Earnings limit (upper) - The maximum level of earnings (ie- salary or wages) on which National Insurance Contributions are payable. If your earnings are over this amount, you won't pay any more National Insurance Contributions. Earnings per share - An indicator of the amount of money you will earn on each share which you own in a company. Effective date - The date on which insurance under a policy will begin. Eligibility date - The date at which an individual becomes eligible for benefits under an insurance policy. Employee share scheme - A scheme that allows employees of a company to buy shares in the company, often at a discount. Endorsement - An amendment to an insurance policy that in some way changes the policy. Endowment mortgage (more) - type of interest-only mortgage where an endowment policy is taken out to pay off the remaining debt at the end of the mortgage term. Endowment policy (more) - a life assurance savings scheme designed to pay out a lump sum when the policy matures. Equity - the value of a property minus any money owed on it. Equities - Stocks and shares in a company Equity release - when a new or larger mortgage is taken out to free some of the equity that has built up in your property. Estate - A person's money, property and debts when he/she dies. Estate agency fee - the commission charged by an estate agent to a property vendor, usually charged as a percentage of the sale price. Excess - The amount of money which you have to pay yourself if you make a claim on your insurance policy. Excess period - The time you have to wait before an insurance policy begins to pay out. Exchange of contracts - a legally binding agreement where buyer and vendor sign identical contracts agreeing the terms of the sale, including the price of the property, any fixtures and fittings included in the price, and the completion date. Exclusions - Specific situations or conditions that are not covered by an insurance policy. Execution only - where the company arranging or selling the financial product does not give any advice regarding the benefits or risks concerning the product. Executor - The person nominated to manage your affairs and distribute your estate when you die. You usually identify this person in your will.