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

Category: E

EXECUTORY COST

Executory contract servicing expenses. An example is paying excise tax on a leased car.

EXORDIUM CLAUSE

A statement of self-identification and intent by the grantor in the opening clause of a will. The grantor introduces him/herself as the person whose will this is, identifies his/her residence at the

EXPECTED LOSS

The EXPECTED VALUE, or MEAN, of a statistical loss distribution function. The loss distribution function may be created to compute credit losses, INSURANCE losses, or other financial losses.

EXPENDITURE-BASED BUDGET

1. Using known paid expenses for goods and services to determine one’s budget. 2. Using known paid expenses for goods and services to generate a financial plan.

EXPERIENCE QUALITIES

Post-purchase and consumption evaluation of the way a service was provided. Points of courtesy, attention, and satisfaction are weighed.

EXPLICIT KNOWLEDGE

Knowledge that is recorded and expressed. It is easy to share and store. It can be in books or on the internet. It is the opposite of tacit knowledge.

EXTENDED HOURS TRADING

Electronic trading that happens after normal trading sessions. It can be done by anyone while it used to be for market makers or firms. They also buy and sell stock during these

EXTERNAL ATTRIBUTION

The way people behave based on their perceptions and reactions. It compares how different people react to the same situation.

EXTERNAL STRUCTURE

How a firm relates shown in a web drawing. It involves competitors, customers, and suppliers to name a few.

EFFECTIVE BUYING INCOME

The amount of money a taxpayer has on income from wages, interest, and other income minus what is taken out be taxes and other deductions such as FICA.

EFFLUENT STANDARD

Environment-related government agency restriction on quantities of waste water discharges, rates of discharge, and concentrations of waste material.

ELBOW

An area of the YIELD CURVE that is deemed to be financially attractive (i.e., CHEAP) and where profits can be generated by simply ROLLING DOWN THE CURVE.

ELECTRONIC

Something employing low-voltage current and solid state integrated circuits or components. Typically a device or technology for transmission and/or processing of analog or digital data. See also electronics.

ELECTRONIC DOCUMENT

Text, graphics, or spreadsheets generated by computer on any media or device for any electronic processing, including EDI. Electronically stored documents follow no format or readability requirements except when retrieve for human-use.

ELECTRONIC RECORD

A collection of data, managed and processed to become information. It is collection by electronic processes. Known also as machine readable record.

ELEPHANTS

Slang for investment plans with an extraordinary number of volume trades. An example is an employee contribution pension plan. A catch phrase for various similar plans

ELIGIBLE RESERVES

Total amount of money on-hand plus the amount of cash a bank has in a local Federal Reserve Bank. Total of hard Cash available to a US bank.

EMBRYOTOXIN

Harmful, poisonous agent or substance. Examples are mercury compounds, heavy metals, and radiation. These inhibit embryo development, retarding growth, or even terminating life.

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