Banking & Finance Glossary—E
Banking & Finance Glossary—E

The following Banking & Finance practice note provides comprehensive and up to date legal information covering:

  • Banking & Finance Glossary—E
  • Export Credit Agency (ECA)
  • Export Credits Guarantee Department (ECGD)
  • Equator Principles
  • Equity
  • Equity cure
  • Lexis®PSL resources
  • Equity of redemption
  • More...


EBITDA is an acronym for ‘earnings before interest, tax, depreciation and amortisation’. The EBITDA of the business forms part of certain financial covenant ratios and is used to calculate other figures such as cash flow. See Practice Note: Common financial covenants.

Export Credit Agency (ECA)

A governmental agency, quasi-governmental entity or a private institution acting on behalf of a government, which has the primary focus of supporting the national economy by supporting trade. ECAs provide support through a variety of financial products, depending on the nature of the transaction and the type of risk that the exporter or sponsor wishes to cover. Common types of support include direct loans, guarantees and insurance. See Practice Note: Export Credit Agencies and export credit support.

Export Credits Guarantee Department (ECGD)

The UK's official export credit agency. It operates under the name UK Export Finance. See Practice Notes: The Export Credits Guarantee Department—ECGD and Export Credit Agencies and export credit support.



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