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Earned Premium

If an insured person pays for a policy in advance, the “earned” premium is the portion of the policy that has already been used.

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ESCALATOR CLAUSE

a clause in a contract or a lease that is made during a time of government price control regulations.

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EQUITABLE CONSTRUCTION

This applies to the interpretation of a statute by narrowing or making larger the letter of the law.

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ENCUMBRANCER

1. The person with a legal claim against an estate. 2. The person with a lien on a property where the value is diminished until the encumbrance is removed.

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EQUITABLE RULE

a rule that is issued by a court of equity that is just and fair.

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EXISTING EQUITY

phrase with the meaning of having the right to future payments.

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ELECTROCARDIOGRAM

a device that is used to record the electric currents of the various chambers of the heart. Also called an ECG one EKG.

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EXCEPTION OF NO CAUSE OF ACTION

the objection to the plaintiff’s suit that is based on having no legal validity to a claim.

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EXTRINSIC FRAUD

the term given to the deceit that lays the groundwork for setting aside a judgement.

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EXPROMISSOR A

This term is given to the person who takes over another person’s debt and releases from it.

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ELECTION UNDER A WILL

a choice to accept a benefit from a will and relinquish your claim or to retain he claim and to reject the benefit.

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EMPOWER

the word that means to grant the authority, to delegate and to commission.

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ESTABLISHMENT CLAUSE

a clause found in the First Amendment that separates the state from the church.

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E PLURIBUS UNUM

a Latin phrase that is the motto of the USA and states: Out of many, one or more commonly One for all and all for one.

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EXPROPRIATE

1. To take private property for the use of the public. 2. Surrendering a claim to property.

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ENLARGING STATUTE

a law that makes something more comprehensive or extensive than an earlier law. See remedial statute.

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ENROLLED BILL RULE

the rule stating that once a bill is enrolled it can’t be questioned by the courts.

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EVASIVE ANSWER

This term means to try to evade in giving a straight answer to a question.

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EXCEPTION TO BAIL

This term applies to the objection of a bail amount.

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EXTRINSIC EVIDENCE

evidence that does not appear in a contract or written document but has a bearing on an issue.

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