Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

ETHICAL RELATIVISM

Basing choices on what seems right or reasonable solely on one’s belief or value system. A trend of making ethical decisions this way.

ETHICAL STANDARDS

Morality stated as principles. Intended to generate trust, good behavior, fairness, and kindness. Typically occurs in a corporate setting, for an organization.

ETHICS

Directives based on one’s ethics and morality. How one lives with others. The foremost concepts and principles of proper human conduct. Socially, it is the collective of universal values, treating each human

ETHNIC MARKETING

Advertising and selling to a specific nationality or ethnic group, in that group’s language.

ETHNOGRAPHY

Divining the behavior, characteristics, cultural mores of a particular ethnic group by detailed study.

EUREX

Joint operation of Deutsche Boerse Ag and SWX Swiss Exchange. Major locations are Chicago, Frankfurt, London, Paris, and Zurich. An electronic futures and options exchange.

EURO

European Union currency, voted as a unified banking currency. The European Union (EU), except Britain, Denmark, and Greece use it as a national currency. Established January 1, 2002.

EURO COMMERCIAL PAPER (ECP)

Short term, unsecured discount DEBT securities with maturities ranging from 1 to 360 days issued by companies in the EUROMARKETS. A SYNDICATE of DEALERS places ECP on a BEST EFFORTS basis; unlike

EURO INTERBANK OFFERED RATE (EURIBOR)

The OFFER side of the EURObased interbank DEPOSIT market, or the rate at which prime BANKS are willing to lend funds. EURIBOR, which is set every business day at 11 am Brussels

EURO MEDIUM-TERM NOTE (EMTN)

A FIXED INCOME security issued by a company or sovereign entity in the EUROMARKETS from a standing program arranged by an UNDERWRITER; once the program is registered issuance can take place at

EURO OVERNIGHT INDEX AVERAGE (EONIA)

Benchmark rate in the European Banking Federation based on overnight weighted averages of market offers f or the markets . The rate is calculated by taking the weighted average of all the

EUROCLEAR

International clearing house based in Brussels, Belgium for multicurrency cash clearing and settlement for internationally traded securities. Managed by Morgan Guaranty for owner banks. .

EUROCURRENCY

Any currency from a specific country that is deposited or traded in another country. Known as Eurodollars, Eurosterling, or Euroyen.

EURODOLLAR

Commonly used for settling international transactions, US currency or funds held outside the US in bank accounts.

EUROJUNK

European issued junk bonds. The Virgin Group is an example of an issuer.

EUROLIBOR

Dollar-driven LIBOR sibling as a euro-driven alternative for British Bankers associations.

EUROLOAN

Foreign currency denomination-based loan.

EUROMARKET

Commonly known as Eurobond, Eurloan, and Euronote markets.

EURONEXT

International stock and derivatives exchange. From the merger of the Amsterdam, Brussels, and Paris exchanges and the purchase of London International Financial Futures and Options Exchange (LIFFE) and the Bolsa de Valores

EURONOTE

Offshore issue. Excludes the country and currency of the issuer. Short term of 6 months or less, unsecured promissory note.

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