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

Category: E

EX ALL

Means the shares buyer has no forthcoming dividend, rights shares, and scrip issue. Contrast to cum all.

EXCESS BAGGAGE

Overweight passenger luggage. More carry-ons that is allowed. Usually demands additional payment to the carrier and even shipping separately as freight or cargo.

EXCESS RETURN

Difference between higher return rate and a lower risk free rate. An example is a return rate is 5 percent and a risk free rate of 1.5 percent results in a investment’s

EXCISE STAMP

A stickie that is objective evidence that a tax has been paid for the sold product, typically alcohol and cigarettes.

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.

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.

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