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

Category: E

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

EQUIPMENT TRUST CERTIFICATE

Known as an ETC. A type of debt instrument very similar to mortgaging or a leasing. According to the specifications of the agreement, an ETC owner/investor uses a particular asset, paid for

EQUITY INTEREST

Partial or full ownership in a company by shares of stock, rather than a creditor’s interest from being owed money.

EQUITY SHARING

Spreading the worth, risk, and ownership of a company or property or any asset out to more that one single person or entity. This apportioned ownership apportions gain and loss, as well

ERROR OF ORIGINAL ENTRY

Accounting mistake on a balance sheet where an error in an entry causes a same-amount error in an entry in its balancing account.

ESTATE PLAN

Estate owner’s instructions on handling estate assets at the owner’s death, full disability, or legal incapacitation.

ETHERNET

Generic name for the category of local area network (LAN) protocols and cabling schemes. Most popular LAN. A LAN connects computers, printers, modems, terminals and other peripherals. Can connect up to 1,024

EUROCLEAR

International clearing house based in Brussels, Belgium for multicurrency cash clearing and settlement for internationally traded securities. Managed by Morgan Guaranty for owner banks. .

EVENT DRIVEN INVESTING

Using bad news, distressed situation, merger, recapitalization, or spinoff as a strategy taking advantage of price drops before or after these events occur.

EX WARRANTS

Meaning that a shares buyer will have no rights to warrants associated with the purchase or the shares.

EXCESS INTEREST

A yield based on Interest above the guaranteed rate amount. Increase the cash value of a policy.

EXCHANGE CONTROLS

An attempt to improve a country’s balance of payments position by a government-imposed constraining of conversion of its currency to another specific country’s currency.

EXCLUSIONARY RULES

Proof and facts must be proven solely by legal, moral methods. Rules of evidence. t

EXCURSION FARE

Cost of enjoying an excursion. Often discounted, with some restrictions, like limited services or meals.

EXECUTIVE COMMITTEE

Organizational cabinet of executives accountable for collective executive decisions and assignments. Titled roles are typically a chairperson, vice-chairperson, secretary, and treasurer. Accountable to the board of directors.

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