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

Category: E

EMPLOYEE SELF-SERVICE (ESS)

Employer-provided, web-based system for employees to manage their personnel and payroll information. Access is given on earnings, taxes, benefits, direct deposits, retirement fund allocations, and vacation leave balances. Tax withholding information is

EN PENSION RATE

European term for hotel room rate offered to guests who take all their meals at the hotel. In UK, for example, it would include morning tea or coffee, breakfast, lunch, afternoon tea

ENDORSEMENT

1a. In insurance, this is an added, special provision to an insurance policy that improves or constrains its coverage. 1b. In other types of contracts, this one or more addenda not part

ENERGY RESOURCE

That which provides usable energy. A resource can be renewable, as in the sun, sea, and wind. A resource can be non-renewable, as in a coal mine, gas well, and oil well.

ENRON

Held up as the way to NOT run a company. Former energy corporation rampant with corporate corruption and accounting fraud. The company positioned itself as a leader in the industry by falsifying

ENTRY LEVEL JOB

Bottom rung on the job ladder. Lowest level of employment in a department with particular skills, or, no skills. Initials gainful employment for a person, and a opportunity for gaining whatever skills

EQUILIBRIUM POINT

The specific point where demand matches supply at the same price. Maintained by price changes responding to shifts in supply or demand. Equilibrium is a market price with an equal amount of

EQUITY CARVE OUT

Lessening the percentage of ownership of common stock that an investor has in a company when the company issues additional shares of common stock. Contrast to a stock split, which increases the

EQUITY MULTIPLIER

A single dollar ratio, percentage, or value of an asset or investment instrument. For each dollar investment, this is how much value over or below that dollar currently exists. Refer to financial

EQUIVALENT UNITS OF PRODUCTION

Projected production units count of an item for a specific period using a specific alternate material or for projecting over a larger accounting time-period. Benchmark for establishing departmental costs baseline.

ESTIMATING

Guessing based on past experience, but with limited existing knowledge. Typically for arriving at a number or price for quoting in a sale.

ETHNIC MARKETING

Advertising and selling to a specific nationality or ethnic group, in that group’s language.

EURONOTE

Offshore issue. Excludes the country and currency of the issuer. Short term of 6 months or less, unsecured promissory note.

EUTROPHICATION

Slow transformation of a vibrant water area to a marsh or bog. Death by shallowing and algae is the end-point if not reversed.. Root cause is the dumping or concentrating of pollutant

EVIDENTIAL VALUE

Value of records given as or in support of evidence, based on the certainty of the records origins. The value here is not in the record content. This certainty is essential for

EXCEPT-FOR-OPINION

When the company or its management constrains an auditor, inhibiting audit duty performance on that company.

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