Government Finance Statistics Manual 2014

402 Government Finance Statistics Manual 2014

Embedded derivative An embedded derivative arises when a derivative feature is inserted in a stan-

dard fi nancial instrument and is inseparable from the instrument ............ 7.148

Employee stock options Employee stock options are options to buy the equity of a company, off ered to

employees of the company as a form of remuneration ................................ 7.221

Employers’ social

contributions

Employers’ social contributions are social contributions payable by employers,

to social security funds, employment-related pension funds, or other employ-

ment-related social insurance schemes to obtain entitlement to social benefi ts

for their employees ...............................................................................................6.19

Employment-related social

benefi ts

Employment-related social benefi ts are social benefi ts payable in cash or in

kind by government or public sector units to their employees or employees

of other government or public sector units participating in the scheme (or

to survivors and dependents of the employees who are eligible for such pay-

ments) ...............................................................................................................6.104

Enterprise An enterprise is the view of an institutional unit as a producer of goods and

services ...................................................................................................................2.2 5

Entertainment, literary, and

artistic originals

Entertainment, literary, and artistic originals are original fi lms, sound record-

ings, manuscripts, tapes, and models in which drama performances, radio and

television programming, musical performances, sporting events, and literary

and artistic output are recorded or embodied. .................................................7.72

Entitlement to future goods

and services on an exclusive

basis

Entitlement to future goods and services on an exclusive basis relates to the

case where one party that has contracted to purchase goods or services at a

fi xed price at a time in the future is able to transfer the obligation of the second

party to the contract to a third party .............................................................. 7.112

Environmental protection

activities

Environmental protection activities are those activities whose primary purpose

is the prevention, reduction, and elimination of pollution and other forms of

degradation of the environment ................................................................... A7.107

Environmental tax An environmental tax is a tax whose tax base is a physical unit (or a proxy of

it) of something that has a proven, specifi c, negative impact on the environ-

ment ................................................................................................................. A7.115

Equity Equity consists of all instruments and records that acknowledge claims on the

residual value of a corporation or quasi-corporation, aft er the claims of all

creditors have been met .................................................................................... 7.165

Establishment An establishment is an enterprise, or part of an enterprise, that is situated in

a single location and in which only a single productive activity is carried out

or in which the principal productive activity accounts for most of the value

added ......................................................................................................................2.2 4

Estate, inheritance, and gift

taxes

Estate, inheritance, and gift taxes cover taxes on transfers of property at death

and on gift s, including gift s made between living members of the same family

to avoid, or minimize, the payment of inheritance taxes ................................5.51

Exchange An exchange is a transaction in which one unit provides a good, service, asset,

or labor to a second unit and receives a good, service, asset, or labor of the same

value in return .........................................................................................................3.9