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

Category: E

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

EXPERIENTIAL PROCESS

The firsthand involvement used to teach rather than lecturing or teaching in a secondhand way.

EXPLODING

1.how a plan is broken down into its smaller parts for subplans. 2. expressing something in a chart to clarify its subparts.

EXPORT PROCESSING ZONE (EPZ)

A free trade zone for developing country to promote exports. Incentives are offered to do the same as well. AKA development economic zone or special economic zone.

EXTERNAL CLAIM

The way a creditor makes a claim on a business should the business not be able to pay. They are safe from claims if it happens by an outside partner. It is

EXTERNAL VERIFICATION

Confirming business transactions and documents by a third party that is usually an auditor.

EXTROVERSION

The quality of being socially comfortable. It is also spelled as extraversion.

EFFECTIVE YIELD

The actual INTEREST RATE an investor earns on an investment after taking into account fees, actual price paid, and AMORTIZATION of PRINCIPAL or ACCRETION OF DISCOUNT. See also EFFECTIVE RATE.

EIA NATURAL GAS REPORT

Weekly report. Concerns US natural gas reserves stored underground. Energy Information Administration (EAI) issues the report. Used to predict natural gas price shifts.

ELECTIVE BENEFITS

Chosen coverage or payments as a part of insurance or employment. Choice can also be for how the benefits are applied when use of the benefit occurs. Payments can be lump sum

ELECTRONIC HUB

Commercial website that provides coordination and synchronization services to electronic commerce (ecommerce) its users or partners.

ELECTRONIC RETAILING

Retailing done electronically: purchases, including grocery and supermarket items. The execution of commerce specifically for retail.

ELEVATOR COLLISION COVERAGE

Elevator collision insurance. This coverage is included in business liability insurance policies to covers damage to elevators. Covers personal possessions and the building that houses the elevator, as well as any other

ELIGIBLE SECURITIES

Securities that BANKS are allowed to purchase, hold, and trade on a direct basis, including GOVERNMENT BONDS and AGENCY SECURITIES. Those ruled ineligible under standing regulations must often be traded through a

EMERGENCY

Situation requiring immediate attention and remedial action. Involves injury, loss of life, damage to the property, or catastrophic interference with the normal activities. A sudden, unexpected, or impending situation.

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