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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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ESTOPPEL BYCONTRACT

a bar that will renounce or renege that facts that have already been agreed to in a contract.

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EXIGENCY OF A BOND

the act or the performance on which a bond is conditioned or the conditions of the bond.

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EXTRANEOUS EVIDENCE

1. applied to any evidence that comes from outside the court. 2. Any evidence that is not pertinent to matters at hand.

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EXECUTORY JUDGMENT

This term applies to a judgement of court that hasn’t been carried out.

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EXPECTANT RIGHT

a right that depends on the continuing of present conditions. See expectant estates.

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EXPRESS ASSUMPSIT

This the agreement and the obligation to act that is stated in explicit terms.

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EX PARTE INJUNCTION

the term that is given to an injunction that is issued without notice being given to the party opposing.

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EXISTING CREDITORS

This term applies to the creditors with claims against a debtor that exist and are valid.

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EXTRATERRITORIAL

This means to be outside of the boundaries of a state or country.

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EXTREME CARE

the care that a sensible person will use when faced with a dangerous event or condition.

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ENABLE

the word that means to give a person the power to be able to do something.

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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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