Glossary
E
- Electronic Funds Transfer (EFT)
EFT is the digital (electronic) transmission of funds from one bank account to another account (such as a 529 plan account) over a computer network.
- Eligible Educational Institution
An eligible educational institution is an accredited college, university or other school that is eligible for Title IV federal student aid. This includes thousands of U.S. colleges, universities and vocational schools as well as some foreign schools.
- Equities
- Estate
The assets and debts of a person who has died constitute an estate.
- Exchange-Traded Fund (ETF)
An ETF is a collection of securities that are traded on a stock exchange, like stocks. ETFs are usually pegged to a particular market index, such as the S&P 500 or a total stock market index. Some ETFs may be actively managed.
- Expense Ratio
The expense ratio is an asset-based fee charged by an investment fund – such as a mutual fund or ETF. It is expressed as a percentage of the assets of the fund.
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