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  List of banking institutions in Malaysia
  Bank Negara Malaysia
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Early Redemption Charge
A charge imposed by the Islamic banking institution on early payment of financing in full. The charge can either be a flat rate or 'x' months of profit.
Early Settlement
Settle in full the balance due under the hire purchase agreement earlier than the date originally agreed upon.
Early Settlement Penalty
A fee charged by banking institutions for early settlement of the loan in full. The fee charged is usually based on a percentage of the loan amount or 'x' number of months in interest.
Effects Not Cleared
Cheques and other items paid in by a customer for the credit of his/her account, of which the cheque is still pending clearance by the drawer's bank. Although these amounts will be shown in the customer's balance, it is still not cleared in the books of the bank. The bank is under no obligation to pay any cheques drawn against items not yet cleared.
Emergency Fund
A sum of money set aside to meet emergencies, unforeseen expenses or seasonal expenses (e.g. school fees, insurance, etc). As a rule of thumb, the amount should be equivalent to about three months salary and this should be placed in low risk investments.
Encryption is the process of scrambling data into an unreadable format that is more secure for transmission over the Internet. Encryption is used to prevent the risk of the information being intercepted and read by a third party. The most common encryption technology is Secure Sockets Layer (SSL) which automatically encrypts all traffic between your website browser and the servers. You can tell you are in an SSL encrypted website by looking at the URL which will begin with https:// . There are two levels of SSL encryption which are 40-bit and 128-bit. The 128-bit browsers provide the highest level of security available today.
Equity fund
An investment fund that invests primarily in shares.
Expired Credit Card
A credit card on which the embossed, encoded or printed expiration date has passed.