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

Category: E

ELEVATION

1. Measured and described as height above sea level. 2. Two-dimensional drawing of an object. the front, back, side, and top are drawn flat.

ELIGIBLE ROLLOVER DISTRIBUTION

Fund distribution to a retirement plan. Allowed for specific, eligible plans such as a qualified retirement plan, a 401(b) plan, or a 457(B) plan. Fund amounts can be restricted by some exceptions.

EMERGENCE

Sudden presentation or result of a system’s processing. A combination of the properties of its components or parts triggers an unpredictable manifestation.

EMPHASIS ADDED

When part of a quote is emphasized by bolding, italicizing, or underlining them. to indicate that the emphasis is the author’s or reviewer’s note, these words are typically enclosed in square brackets

EMPLOYMENT AT WILL

Means that at any time and for any reason either the employer and the employee can quit the employment relationship.

ENABLING TECHNOLOGY

Combining or leveraging existing technology to enable small companies to compete against large corporation on a level business field in previous exclusive business arenas. Technology is comprised of equipment and/or methodology that,

ENDANGERMENT ASSESSMENT

Risk evaluation of the threat a specific industrial or dumping site. Documented in terms of actual or potential threat to environment, health and welfare of people. Categorized by the hazardous substances being

ENERGY CONSERVATION

Saving energy by reducing use. Methods for economizing, eliminating waste, and promoting rational use spark lower use of energy in a process or system, or by an organization or society.

ENGINEERING

The ability to apply knowledge of capability and characteristics of substances to design and build something that accomplishes intended goals. All inventions of a mechanical, electrical, chemical nature are results of experimentation

ENTERPRISE FOR THE AMERICAS INITIATIVE (EAI)

An 1990 international program intended to accomplish three goals: 1) engage North, Central and South America to increase inter-regional trade, 2) engage the InterAmerican Development Bank to set up, manage, and monitor

ENTITY

Legally, equal to a person who might owe taxes. A generic term inclusive of person, partnership, organization, or business. An entity can be legally bound. An entity is uniquely identifiable from any

EQUAL DOLLAR SWAP

Buying a different type of convertible securities, such as preferred stock, from the selling of common stock in the same company or a similar company in the same amounts.

EQUIPMENT PERFORMANCE DATA

Data collected on availability, maintainability, and reliability of systems, subsystems, and components of equipment and machinery. Retained historically, trended and reported as levels and ratios of performance.

EQUITY INDEX SWAP

An OVERTHECOUNTER SWAP involving the exchange of a floating INTEREST RATE for potential gains from the appreciation or depreciation of an EQUITY reference index (which may be a COMMON STOCK, a BASKET,

EQUITY RISK PREMIUM

Pre-set additional value or return given to an investor on demand for taking on the risk of the investment. Contrast this to a guaranteed return of a bond or as treasury certificates.

ERROR ACCOUNT

A temporary account that holds financial amounts whose final destination is unknown or uncertain due to some type of error or suspension of a transaction. Such accounting situations must be fixed immediately.

ESSENTIAL RECORD

Records that an organization requires to show how to execute its business. These vital records are critical to restore the organization from a disaster. Refer to disaster recovery.

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