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EMU
(European Monetary Union) The process by which the national currencies of the European Union are being replaced by the Euro.
Endowment Policy
A life insurance and savings policy which pays a specified amount of money at the end of an agreed term or on the death of the life assured. Often linked to a mortgage. The most common form of mortgage-linked endowments does not guarantee to return the mortgage amount on maturity.
Equities
The ordinary shares of a company.
ERM
(Exchange Rate Mechanism) An agreement by which most EU countries maintain the exchange rates between their currencies within certain limits.
EURO
The currency adopted by some European countries in place of their national currencies.