The Law Dictionary

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

Category: E

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.

EXECUTIVE AGREEMENT

the name that is given to an agreement between the President of the US and a representative of a foreign nation.

EYEWITNESS PROVISION

a term in an insurance policy that requires proof of the circumstances that surround an accident.

ENACTING CLAUSE

This phrase is found new laws and indicates which legislative body voted for the statute.

EX DELICTO

a Latin phrase that means to arise from a crime or from something that is contrary to law.

ENOCH ARDEN LAWS

a law that states after being missing for a certain number of years a person is declared dead. See legally dead; presumption of death.

EQUITABLE CONVERSION

This phrase applies to the alteration of property to become real estate and for real estate to become property.

EQUALLY DIVIDED

a phrase found in wills where property will be shared and shared a like and each person will receive the same amount.

EXECUTORY USE

The term applied to a trust or an interest that will arise at a time in the future.

ENDORSEMENT BLANK

the term given to an endorsement not specifying anyone in particular and permits negotiation of a payment.

EXEMPT INCOME

This term applies to any income that you don’t pay tax on.

ERROR IN FACT

the error made when a court gives a judgement or verdict and doesn’t know of a fact.

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