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

Category: E

EXPLODING OPTION

A BULL SPREAD or BEAR SPREAD that generates a payoff once the two STRIKE PRICES defining the SPREAD are breached i.e., the spread

EXPORT PROMOTION

An incentive program that attracts firms into exporting. Help is offered to get their business and promote it.

EXTERNAL CONTROL

Measures that affect the company operations that are imposed by the government or another organization. It is a rule that affects the company and involves taxes as well.

EXTERNALITIES

A factor those benefits and costs are not recorded on the market prices.

EXTRUSION

The process of using blank metal or plastic being forced through a metal piece or die to make a single ribbon.

EFFICACY

1. Effectiveness. Likelihood of achieving desired end by expending effort. Example: Evaluate changes for their efficacy to produce desired result; if unsure the changes will do the job, reevaluate our plan. 2.

EIA PETROLEUM STATUS REPORT

Weekly report. Concerns US crude reserves produced or held domestically and abroad. Energy Information Administration (EAI) issues the report. Used to predict oil price shifts.

ELECTIVE DEFERRAL PLAN

Choices collective in a plan allowing the benefit to be deferred to a later date. Example is policyholders deferring payments into a retirement plan.

ELECTRONIC BUSINESS (E-BUSINESS)

Online execution of business processes. Conducting day-to-day business functions by internet or other electronic networks. An alternative online processes is electronic data interchange (EDI). Collaboration with distributors on sales promotions, interaction with

ELECTRONIC INFORMATION SYSTEM

The combination of hardware and software used to manage electronic information. It makes stored information from internal and external sources more accessible, and facilitates better decision making. The data is retained in

ELECTRONIC RIGHTS

Copyrighting electronically. Whether any copyright notice is given or not, any and all information generated on the internet, including personal emails, is automatically copyrighted. Initially involved published material extended to electronic publishing.

ELIGIBLE TERMINATION PAYMENT

Australian; superannuation fund lump sum payment at retirement or employee termination. Also, a lump sum paid an individual at termination or reduction of a pension or annuity. Or, residual capital value paid

EMERGENCY DOCTRINE

1. In Law enforcement, this is the principle that without warrant, based on a reasoned conclusion to prevent an very likely danger to life, limb, or property, a police officer may carry

EMPIRICAL

Investigation, observation, experimentation, or experience as sources of this type of knowledge. Contrast with logical or mathematical assumptions basis of theoretical knowledge. See also empiricism.

EMPLOYMENT CONTRACT

Agreement between an employer and an employee. It is typically voluntary, deliberate, and legally enforceable, therefore, binding. The employee must agree to this contract as a condition of his/her employment. Employment contracts

ENCAPSULATED POSTSCRIPT (EPS)

Adobe’s PostScript page description language file format. Used in high quality computer printers. Device independent (refer to device independence). Its images can be transferred without any loss of image quality between unique

ENDNOTES

Reference statements printed at the end of a page, document, article, chapter or book. They explain or provide additional information on some point raised in a text. At the end of the

ENERGY COSTS

Expense for generating, distributing, and using energy. Include monetary and non-monetary expenses. Example is environmental impact.

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