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

Category: E

ESTOPPEL BY LACHES

Legal ban arising when an entity purposefully causes delay of a claim being made, a legal ban is established.

EURO INTERBANK OFFERED RATE (EURIBOR)

The OFFER side of the EURObased interbank DEPOSIT market, or the rate at which prime BANKS are willing to lend funds. EURIBOR, which is set every business day at 11 am Brussels

EUROPEAN COAL AND STEEL COMMUNITY

Collaborative managing group for many countries in Europe over the combined production of coal, iron and steel. The Treaty of Paris in 1951 began this effort. In 2002 this community merged with

EVALUATION STAGE

Planning process event of comparing an estimated risk with its associated reward opportunity(ies).

EXCESS CASH

Cash available that is greater than what is planned. Exhibits as greater revenue on its balance sheet. The limit is typically 20 percent.

EXCESSIVE FORCE

In a given situation, the use of aggressive capability above expectation. The capability use is deemed unreasonable or unwarranted.

EXCLUSION CLAUSE

Statement in an agreement that does not cover or does not include something, such as excluding relatives from insurance coverage. Refer to exculpatory clause, exemption clause, and indemnity clause.

EXCULPATE

Removing blame or accusation from a person. Typically for a non-criminal act, like a traffic accident. There is nothing illegal or immoral or criminal in this action. Contrast and refer to acquit

EXECUTIVE ASSISTANT

One who assists an executive. Can be secretarial, administrative, logistical, or a representative-designee replacement for the executive in approved, documented activities and decisions.

EXECUTORY TRUST

An unfinished trust, missing instructions for the trustor. Known also as imperfect trust or incompletely constituted trust. Refer to executed trust.

EXPANDABILITY

Synonymous to scaling. Computer system characteristic that is the ability to increase capability while retaining or increasing response time and throughput performance. Such a system can accommodate additions to its capacity and

EXPECTED MORBIDITY

Mortality-table-based prediction of the likely, time-bound frequency of illness or injury to a specific group of people.

EXPENSE ACCOUNT

Money allocated and advanced to an employee to cover expect expenses. These expense are expected to be incurred for things considered necessary to make sales or to get a job done. The

EXPERIENTIAL PROCESS

The firsthand involvement used to teach rather than lecturing or teaching in a secondhand way.

EXPLODING

1.how a plan is broken down into its smaller parts for subplans. 2. expressing something in a chart to clarify its subparts.

EXPORT PROCESSING ZONE (EPZ)

A free trade zone for developing country to promote exports. Incentives are offered to do the same as well. AKA development economic zone or special economic zone.

EXTERNAL CLAIM

The way a creditor makes a claim on a business should the business not be able to pay. They are safe from claims if it happens by an outside partner. It is

EXTERNAL VERIFICATION

Confirming business transactions and documents by a third party that is usually an auditor.

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