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

Category: E

EPISTEMOLOGY

The study of the limits of human understanding, the study of knowledge, its basis, nature, and origins. Seeks to answer how knowledge is gained, what it is, and how to measure and

EQUIPMENT FLOATER

Specific coverage on specific types of equipment for specific types of damage.

EQUITY HOLDER

The entity owner of shares or stock. More commonly known as a shareholder or stockholder.

EQUITY RATIO

A calculate value by the following formula: value of owner’s equity divided by the value of all the assets involved. No debt financing is involved in the calculation. Identifies how much has

ERGONOMICS

Study of the human in the workplace. Focus is on the mental and physical stresses, necessary abilities and constraints, various workplace settings. Anatomical, physiological, and psychological activity or human factors are applied

ESPOUSED VALUES

Values and morals essential to the development and improvement of standards on how business is done in a company.

ESTIMATING SYSTEM

Characteristics and information used in projecting values, typically cost estimates. Information used is policies, procedures, practices, and available, reliable historical data.

EURO COMMERCIAL PAPER (ECP)

Short term, unsecured discount DEBT securities with maturities ranging from 1 to 360 days issued by companies in the EUROMARKETS. A SYNDICATE of DEALERS places ECP on a BEST EFFORTS basis; unlike

EUROPEAN CENTRAL BANK (ECB)

The central bank of the European Union (EU) area. Responsible for planning and rolling out the EU money-management polices. Organized January 1, 1999. This bank is independent from all EU countries and

EVALUATION PERIOD

Pre-determine duration for the collection of information to be used in a pre-determined analysis. An example is a quarterly money manager performance evaluation.

EX COUPON

No interest payment rights on the next payment date given on the purchase of a bond or preferred stock.

EXCESS CASH

Cash available that is greater than what is planned. Exhibits as greater revenue on its balance sheet. The limit is typically 20 percent.

EXCESSIVE FORCE

In a given situation, the use of aggressive capability above expectation. The capability use is deemed unreasonable or unwarranted.

EXCLUSION CLAUSE

Statement in an agreement that does not cover or does not include something, such as excluding relatives from insurance coverage. Refer to exculpatory clause, exemption clause, and indemnity clause.

EXCULPATE

Removing blame or accusation from a person. Typically for a non-criminal act, like a traffic accident. There is nothing illegal or immoral or criminal in this action. Contrast and refer to acquit

EXECUTIVE ASSISTANT

One who assists an executive. Can be secretarial, administrative, logistical, or a representative-designee replacement for the executive in approved, documented activities and decisions.

EXECUTORY TRUST

An unfinished trust, missing instructions for the trustor. Known also as imperfect trust or incompletely constituted trust. Refer to executed trust.

EXPANDABILITY

Synonymous to scaling. Computer system characteristic that is the ability to increase capability while retaining or increasing response time and throughput performance. Such a system can accommodate additions to its capacity and

EXPECTED MORBIDITY

Mortality-table-based prediction of the likely, time-bound frequency of illness or injury to a specific group of people.

EXPENSE ACCOUNT

Money allocated and advanced to an employee to cover expect expenses. These expense are expected to be incurred for things considered necessary to make sales or to get a job done. The

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