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

Category: E

EXPLICIT COST

An expense that is both contractual and definite. It can be rent or wages for example. They are recognized for recording.

EXPORT LICENSE

A document the government agency needs for export of technologies, prohibited material, dangerous material, stragetic material, or goods that are in short supply.

EXTENDED ENTERPRISE

A bigger organization that represents all its entities that are involved with it to make a product for the user.

EXTERNAL AGENTS

A party that interacts with an organization and influence performance but do not control things directly.

EXTERNAL STATEMENT

A financial statement that tells outside parties the firm’s position and their results. They give detailed information to help with decision making and management.

EDUCATIONAL FUND

As a part of a life insurance policy, upon the family’s breadwinner death, money for a child’s education is supplied by this fund.

EFFLUENT

Liquid waste discharged into a sewer system or water or anywhere. Emissions is waste discharged into air. Typical culprits are a factory, farm, commercial establishment, but, can even be a household

ELASTOMER

Synthetic rubber-like material. Bends, stretches, twists, or deforms easily, but easily returns to original dimensions and shape at room temperature.

ELECTROMAGNETIC RADIATION (EMR)

A form of radiant energy. Generated by accelerating electrons or photons. Manifesting as waves traveling or as rays emitting. Examples of rays are gamma, infrared, radio, ultraviolet, visible light, and X-rays. Long-term

ELECTRONIC PURSE

Enclosed in a single card such as debit card or credit card , it is a smart card with an embedded microchip. It provides multiple uses, especially for types of payments.

ELEPHANT HUNTING

A process where financial institutions attempt to win business or MANDATES from large institutional clients. Elephant hunting generally requires continuous communication with clients on dealrelated ideas and a certain amount of probono

ELIGIBLE PERSON

A person allowed to participate in services under a contract. Not necessarily an eligible employee. Possibly union members or part of an association. The person may be a spouse or child related

EMBODIED KNOWLEDGE

In general, information our bodies know and use without conscious thought. Executed as routines, habits, and tasks. Also known as Instinctive Knowledge.

EMOTIONAL APPEAL

Instead of logical or practical factors, using emotional factors such as looks, status value, popularity, existing conditions as the basis of promotional activity for a product.

EMPLOYER SPONSORED RETIREMENT PLAN

Managed under employer expectations to its employees’ benefit. Often includes a defined contribution partially or fully funded by the sponsoring employer. Contributions are typically deductible for both employer and employees from their

ENABLING CAPABILITY

Something that allows an entity, program, or project to initiate and begin action, but does not necessarily lead to success. It can be action or inaction; decision or indecision; it can be

END USER

Actual person who uses a deliverable, be it a product or a system or a process. Contrasts to those who authorize, manage, build and deliver the deliverable.

ENDURING PURPOSE

Essentially a mission statement. An organization’s public declaration of purpose. Typically, built on its guiding principles, core values and strategic goals.

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