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

Category: E

ENGLAND

Southern part of the Isle of Britain, bordered on the north by the river Tweed, which flows through the southern uplands of Scotland and bordered on the west by the country of

ENTERPRISE JAVA BEANS

Java-platform server-side component. Improves rapid development of mission-critical business applications. Makes applications generically cross-platform portable.

ENTRANCE FEE

Monies required to gain access into an event, program, or structure. Example: paying money to see a movie at the theatre.

ENVIRONMENTAL AUDIT

1. Evaluation; Current status of an organization’s compliance to local environmental laws and regulations is established by a independent third party assessment. 2. Financial advantages and disadvantages of moving to a more

EQUAL LIKELIHOOD CRITERION

Assigning equal prior-occurrence probability to each possible event when nothing is known about the likelihood of their occurrence. A Decision-theory concept.

EQUITY INSTRUMENT

Commonly held evidence of ownership by a share or stock certificate, a document issued by the company to the share investor. Refer to debt instrument and financial instrument.

EQUITY SECURITY

1. A vehicle that allows portioned investment in a company in trade for portioned ownership of that company. Stock or shares represent that ownership traded. Fluctuation in the value of the company

ESTABLISHED MARKET PRICE

Existing market price stated by a party not the manufacturer nor the supplier used by buyers and sellers to openly trade and bargain.

ESTOPPEL CERTIFICATE

Written, signed stipulation of previously established facts preventing subsequent contradiction or recant of these facts. An example in the mortgage industry specific information is stated in an estoppel certificate to preclude any

EURO OVERNIGHT INDEX AVERAGE (EONIA)

Benchmark rate in the European Banking Federation based on overnight weighted averages of market offers f or the markets . The rate is calculated by taking the weighted average of all the

EUROPEAN CURRENCY UNIT (ECU)

A unit of account, created by the European Economic Community in 1979 as part of the European Monetary System, based on a weighted average of the currencies of the member countries. The

EVENT ANOMALIES

Unusual occurrence of conditions generating an abnormal return opportunity. An example is the increase gain in a selling opportunity for an increase in share price due to a company announcing the involvement

EX RIGHTS

Means the shares buyer has no forthcoming rights issue. Contrast to cum rights.

EXCESS INSURANCE

Any INSURANCE coverage that an INSURED arranges over and above the primary insurance contract, such as an UMBRELLA POLICY. Excess insurance is generally designed to protect against losses from LIABILITY or unexpected

EXCLUSION RIDER

An attachment to a policy that eliminates coverage for certain hazards.

EXCURSION

A planned trip, ending where it starts, time-bound, following a specified route.

EXECUTIVE CHAMPION

Stakeholder-Advocate supporting certain activity, policy, process, view, etc. who is an executive in the organization.

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