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

Category: E

EXTERNAL EQUITY

The way an employee percieves their condtions and the rewards of working at the firm compared to other firms.

EFFICIENCY PRINCIPLE

An economic theory that states that the maximum social benefit that is received from any type of action is received when the marginal social costs of resource allocation is equal to the

ELASTIC LIMIT

Point beyond which deformity will permanently occur. Condition of maximum pressure or stress put on a piece of material.

ELECTRIC HORSEPOWER

A measurement of a unit of power. It is equal to 746 watts, where a watt is joules per second or 550.22 foot-pounds per second (fps). It measures to be slightly higher

ELECTRONIC COMMUNICATION NETWORK (ECN)

Computer-based, investing order-matching systems that bypass the middleman-broker for order placement, providing investors with direct access to the market. Each brokerage firm decides which ECN it wants in its order-flow system, and

ELECTRONIC MALL (E-MALL)

One or more companies selling similar products use a Web site to display their electronic catalogs. E-mall maintenance companies often charge commission from the sales revenue generated at that site they maintain.

ELECTRONICS

Refers to electronic devices and technologies. Typically, refers to their study.

ELIGIBLE DEPENDENT

A person who is deemed eligible for benefits under the policy contract. Also, person relying for financial support on a policyholder or taxpayer.

ELLWOOD TABLES

Developed by L.W. Ellwood/ Real estate capitalization rate tables. Takes into account associated risks as well as the expected annual and resale cash flows under consideration. Used to estimate net income present

EMERGING MARKETS

New market structured on new technology, new standards, world-wide access and revised regulations. Arising from digitalization, deregulation, globalization, and open standards, these markets are shifting the balance of economic power from the

EMPLOYEE BENEFIT PROGRAM

Provided by the employer for expenses such as medical care, death, or disability, to an employee. Benefits are often part of compensation.

EMPOWERMENT

A management practice allowing employees to take initiatives, make decisions, solve problems, improve service, and manage performance. Employer sharing information, rewards, and power with employees are essential actions in this practice.

ENCRYPTION SOFTWARE

The encrypting – decrypting method or key that is itself computerized software to use online.

ENDOGENOUS LIQUIDITY

LIQUIDITY and LIQUIDITY RISK that are specific to a firm and the actions it takes in managing its ASSETS, LIABILITIES, and OFF BALANCE SHEET ACTIVITIES. See also ASSET LIQUIDITY RISK, ASSETFUNDING LIQUIDITY

ENERGY FACTOR (EF)

Overall energy efficiency of an appliance or equipment. Contrast to relative efficiency. Calculated as total energy consumed in active, cycling, and standby modes. Different types of devices have EF computed differently. EF

ENROLLED AGENT

A tax professional certified and allowed to communicate and negotiate with the IRS to resolve a taxpayer’s issue. Licensed by the government.

ENTERPRISE NETWORK

Corporate-wide, world-wide, all-encompassing communications backbone. Links every computer and associated devices at every company location to every other computer at every other company location.

ENTREPRENEURSHIP

Undertaking idea development, arranging activities and events willing. Planning and leading a venture to success capably. Dealing with all risks, gaining reward as profit.

ENVIRONMENTAL IMPACT REPORT (EIR)

Objective evidence of an EIA exercise as a written record submitted to the deciding authority. It proposes measures to avoid, mitigate, or offset adverse effects and impacts. An EIR is only a

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