The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: E

ENERGY UTILIZATION INDEX

A measured value. Total energy used for cooling or heating a building or facility over a specific period. Displayed or stated as British thermal unit (Btu) per gross square footage cooled or

ENHANCED STRUCTURAL ADJUSTMENT FACILITY (ESAF)

Introduced as an improved version in 1987. International Monetary Fund (IMF) provides poorer countries concessional loans medium-term (5 to 10 years) for arranged payments balance adjustments. Some 65 countries are eligible for

ENTERPRISE MODEL

An organization’s mission, functions, processes and information flows depicted at the strategic level. Used as the reference for constructing all other models, decomposing the strategy into ever-increasing levels of detail.

ENTITY LEVEL CONTROLS

A method of determining the ability or likelihood of a company to engage in or avoid corporate fraud. Based on the documented values of a company. Includes analysis of company processes and

ENTRY SUMMARY

Documents needed by importers certifying the products are legal imports. The importer calculates and states value, classifies goods, and determines proper duties, fees and taxes. Must be submitted to US Customs, who

ENVIRONMENTAL ENGINEERING

Discipline focused on the movement of environmental contaminants and their fate in the environment. The successful application of environmental engineering is successful end-of-pipe solutions to environmental problems .

ENVIRONMENTAL SCANNING

Careful, diligent monitoring of an organization’s internal and external environments. Contrast to surveillance, confined to a focused objective or a unique, focused sector. Seeking to detect early signs of opportunities and threats

EQUAL LIKELIHOOD CRITERION

Assigning equal prior-occurrence probability to each possible event when nothing is known about the likelihood of their occurrence. A Decision-theory concept.

EQUIPMENT PERFORMANCE DATA

Data collected on availability, maintainability, and reliability of systems, subsystems, and components of equipment and machinery. Retained historically, trended and reported as levels and ratios of performance.

EQUITABLE REMEDY

Court order forcing the defendant to complete a contract, instead of demanding a fine. This remedy occurs when a fine is not a fair result for the injured party. In a non-performance

EQUITY INTEREST

Partial or full ownership in a company by shares of stock, rather than a creditor’s interest from being owed money.

EQUITY SHARING

Spreading the worth, risk, and ownership of a company or property or any asset out to more that one single person or entity. This apportioned ownership apportions gain and loss, as well

ERROR OF ORIGINAL ENTRY

Accounting mistake on a balance sheet where an error in an entry causes a same-amount error in an entry in its balancing account.

ESSENTIAL FUNCTION BOND

Issued by a municipality. Interest gained is tax-exempt and not subject to AMT, alternative minimum tax. Purpose is to raise funds by the municipality for various project. Refer to municipal bond, traditional

ESTIMATED USEFUL LIFE

Projected useful time of revenue or service generation of an asset. Known also as estimated life.

ETHICS

Directives based on one’s ethics and morality. How one lives with others. The foremost concepts and principles of proper human conduct. Socially, it is the collective of universal values, treating each human

EUROMARKET

Commonly known as Eurobond, Eurloan, and Euronote markets.

EUROPEAN TERMS

Exchange rating against one US dollar. Rate is how much of a foreign currency, in units and fractions, will buy one US dollar. The reciprocal term is how many US dollars, in

EVENT TREE

Cause-effect tree. A graphical technique using Boolean operators, mapping triggering events and all related, subsequent, probable outcomes in their logical sequence. Helps analyze impacts of a failure to determine risk.

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