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

Category: E

EYEWITNESS

A party that testifies about what the saw. AKA percipient witness.

EFFICIENCY

The measure of the cost of an approach and its achievement versus expectation. A classic measure in determining productivity. See effectiveness.

EITHER/OR FACILITY

A customer can borrow money or Eurodollars from the bank’s head office or from a foreign branch. Agreement-based.

ELECTIVE RESOLUTION

Special resolution having 100% agreement by the stockholders or shareholders of a firm. Called for at annual general meetings (AGM).

ELECTRONIC CHECK PRESENTMENT (ECP)

A check-paying bank receiving electronic transfer of check information. The use of electronic check presentment in order to speed up the check clearing process is now allowed due to the Check Clearing

ELECTRONIC SOFTWARE DISTRIBUTION

Internet sale and download distribution of computer software. The buyer can download purchased software, and its associated documentation, after electronically paying through a verified bank or credit card.

ELIGIBILITY PERIOD

Typically describes the duration of coverage for reimbursement by a medical policy for accumulated medical costs .Also is the time prospective insureds can enroll in a group life program or health program

ELIMINATION PERIOD

In the a health insurance industry, a term for a policy requiring a probation or waiting period.

EMERGENT

One or more unanticipated characteristics or properties that show only when the entire system or process is engaged and working. The emergence is meaningful only at the level of the whole system,

EMPIRICAL COST ESTIMATING

Based on available data, skills, experience, and knowledge of the estimator, a cost estimation is methodically obtained.

EMPLOYMENT HISTORY

For a typical period of ten years, a person’s past employers, locations, employment dates, positions held, salary, and accountabilities. Often contained in or sourced from the person’s resume.

ENCLOSURES

Unique, stand-alone, separate items or records referred to in a document, then accompanying, or attached to, that document. It is essential that these tag-along items are listed in the main document to

ENDOCRINE DISRUPTORS

Synthetic chemicals or natural substances that cause developmental or reproductive disorders by altering the endocrine system. Glands, hormones, and cellular receptors controlling the body’s internal functions comprise the endocrine system.

ENERGY CROP

Anything grown for their fuel value. Corn and sugarcane are food crops grown for energy. Poplar trees and switch grass are non-food crops grown for energy.

ENGLISH AUCTION

The most common and typical form of auction. A type of forward auction. A single item is offered for sale. Bidding begins at a low price, rising as bidders accept or call

ENTERPRISE LIABILITY

Liability for crime(s) committed by a constituent business, department, or unit that is applied and accountable corporate-wide.

ENTREP

A commercial trading center where goods are imported from several sources and then reexported to various destinations. Although the entrep

EQUAL OPPORTUNITY

Each opportunity is available to everyone equally regardless of their age, race, sex, religion, political association, ethnic origin, and any other individual or group characteristic unrelated to ability, performance, and qualification. The

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