Financial Dictionary - E

Article Index


a right to use a corridor or passage of land which is owned by another.

End Loan

the loan amount you are left with after you have sold your existing home and paid the proceeds towards your bridging loan.


an outstanding liability or charge on a property.


to sign the back of a cheque to confirm or transfer its ownership to someone else.


the amount of an asset actually owned.

Equity Loan

a loan usually secured by the proportion of the value of your house which you own.

Establishment Fees

lending body fees which may or may not be charged to set up a loan.

Exchange of Contract

the legal point time when the vendor and purchaser swap documentation and start enquiries with a view to settlement.