-NeeBo Glossary-

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NeeBo-Capital-Glossary

-E-

  • EFT electronic funds transfer, is the transfer of money between accounts by consumer electronic systems such as automated teller machines (ATMs), and electronic payment of bills.

  • EIN employer identification number is a nine-digit number assigned by the IRS for businesses, estates and trusts.

  • Entrepreneur someone who assumes the financial risk of beginning and managing a new venture. The venture can be based on a totally new idea, a new way of doing something, a new location, or attempting something nobody else has ever done before.

  • Equity the difference between the value of a property and the amount of money owed on the property. The amount of money the owner would realize if the property were to be sold.


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