Stock Market Glossary-E

EDSP:
Exchange Delivery Settlement Price. This is the price at which the delivery or cash settlement takes place, expressed
in index points. This terminology is common in the U.S.

Ex-bonus:
The share is described as ex-bonus when a purchaser is not entitled to receive the current bonus, the right to which
remains with the seller.

Envelopes:
Lines that are placed at foxed percentages above and below a moving average line. Envelopes help determine when a
market has traveled too far from its moving average and is overextended.

Equity per Share:
Shows how much of a company's equity one share represents. If the market price is greater than the equity per share,
the market believes that the company will generate extra value. Equity divided by number of shares at the close of the period.

Expiry Date:
The date and time after which a writer of an option cannot exercise his rights.

Exposure Limit:
The limit allowed to the Broker by the Exchange or to the customer by broker. It is the total value upto
which one is allowed to hold open positions at any point of time.

Ex dividend shares:
Ex dividend is the price of the share which does not contain dividend declared by the company. The buyer is not entitled
to the dividend amount.