E

Economic Value - The value of the tasks a family member provides to the rest of the family. The economic value for a non-working spouse would be equal to the cost the family would incur to hire someone to complete the tasks in the absence of the non-working spouse less the cost of that spouse's personal maintenance. These costs usually include childcare and housekeeping but may also include transportation, the cost of eating out more often, tutoring and the like.

Emergency Fund - An emergency fund is money set aside to allow you to weather any unexpected events or expenses in your life. Emergency funds are often used to pay for expenses not incorporated into the budget such as property losses or medical expenses not covered by insurance, or living expenses during a period of unemployment. It is generally recommended that your emergency fund equal three to six months of your living expenses.

Emerging Market A stock or bond market in an economically developing country. Emerging markets are extremely volatile, but they offer the potential to share in the early stages of a country's economic growth.

Estate Planning - The process of planning for the efficient transfer of assets at one's death. Estate planning begins with preparing a will and may also include naming a power of attorney, establishing trusts and making pre-death gifts.

Estate Tax - Tax imposed by a state or the federal government on the transfer of property from a deceased to his/her heirs.

Evidence of Insurability - Proving that you are a good risk for the insurance company by answering health and lifestyle related questions and possibly submitting to a medical exam.

Executor - An individual or institution that is tasked with the settling of an estate for the deceased. Activities may include gathering the assets, paying the taxes and distributing the estate in accordance with the Will.

Ex-dividend - Without dividend. The ex-dividend date is the date when a buyer purchasing a stock has no right to the most recent dividend.

Expense - An individual's cost or obligation to meet a need or pay a debt.