E

  • A term describing different ways to manage money without talking to a person, for example by using an ATM card or the internet.
  • Theft or misappropriation of funds placed in one's trust or belonging to one's employer.
  • Writing on a document, for example the signature on a check.
  • A transfer of money or property to a charity for a specific purpose.
  • The difference between the value of a person’s property and the amount of mortgage they still have to pay.
  • The power of a state to acquire title to property for which there is no owner.  The most common reason that an escheat takes place is that an individual dies intestate, meaning without a valid will indicating who is to inherit his or her property, and without relatives who are legally entitled to inherit in the absence of a will.
  • Estate planning is the process of anticipating and arranging, during a person's life, for the disposal of their estate. Estate planning can be used to eliminate uncertainties over the administration of a probate and to maximize the value of the estate by reducing taxes and other expenses.
  • A person who carries out the instructions in a will.
  • Money that a person or organization spends.
  • A method for paying employees back when they spend their own money on business-related expenses.  The IRS requires an authorized plan in place before a reimbursement is made.