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

Category: E

EXHAUSTION GAP

A blank, noticeable space between price bars on a stock-price chart. A sudden price spike from panic buying or selling when a trend approaches a reversal point can cause this gap. Refer

EXPANSION BUS

Computer bus that either has additional slot to plug in more devices, or is a bus that plug into a bus to provide additional slots. that adds more expansion slots to its

EXPECTED RETURN

The method of predicting the likelihood, on average, of a gain from investing in a particular asset. Varying factors, representing market conditions and perceived asset worth, varies the predicted return.

EXPENSE CONSTANT

A fixed amount added to the premium amount. The cost of servicing certain policies is more than what premiums alone cover. This is a service charge most often applied to low premiums

EXPLODING TERM SHEETS

A rule in the terms of an offer for a start up venture. It has a date it must be accepted by or the offer is null and void. They add pressure

EXPORT QUOTA

A restriction on exports to protect local business for shortages, maintain international business, and create a restraint agreement.

EXTENDED REPLACEMENT COST

The price to fix or replace an asset if it is damaged. The original quality is the standard for the replacement. AKA guaranteed replacement costs.

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,

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