E Financial Terms

Early Settlement

Loans

You're allowed to pay off a loan early — the NCA guarantees this right. The lender might charge an early settlement fee (capped at three months' inter...

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Emergency Fund

General

Money you lock away for when stuff breaks. Your car, your phone, your job. Three to six months of living costs is the goal, but even R500 a month help...

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Emolument Attachment Order (EAO)

Legal

A court order that tells your boss to deduct money straight from your salary to pay off debt. Also called a garnishee order. They can't take more than...

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