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

Category: E

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.

EXISTING HOME SALES

National Association of Realtors issues this monthly report tracking sales of existing homes. It is released around the 25th of each month. The comparisons can be month-to-month, or for a particular month

EXPANSIONARY GAP

Latter-staged portion of a business cycle expansion experiencing a short run equilibrium real production being greater than the fullemployment real production. The equilibrium real production occurs in the shortrun aggregate market. Fullemployment

EXPECTED RETURN ON INVESTMENT (EROI)

A formulated, predictive return on an investment to help make a worthwhile investment decision . It is generated by calculating a series of potential results, filtering out unwanted ones by specific conditions,

EXPENSE LOADING

Expenses are covered by this amount and is typically added to the rate.

EXPERT

A person that had knowledge and skills learned over years of experience in a subject. Their opinion can be helpful in problem solving. Refer to expert evidence.

EXPORT SUBSIDY

When the government offers help to exporters for service subsidy, cash rebate, or a cash drawback. It promotes fair competition.

EXTERNAL DEBT

The money borrowed by a foreign country. It must be paid in the currency the loan was made in. An export must happen sometimes to get that currency.

EFFICIENCY ENGINEER

Person accountable for the cycle of improving the effectiveness of machinery and personnel through analysis and application. Often a management level individual holds this responsibility.

ELAPSED TIME

Measurement of time spent completing an activity, job, or task. Calculated as total of calendar days excluding holiday and other non-working days used.

ELECTIVE SHARE

In place of their inheritance the surviving spouse can claim a part of an estate. Also called statutory share, widow’s share, forced share.

ELECTRONIC COLLABORATION

Co-operating in a project or program that includes the process of monitoring and critiquing using internet, emails, and groupware.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.