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

Category: E

EXECUTIVE SEARCH

The actions of seeking to hire corporate officers, executives and other senior level management positions. Payment for the search is typically either by retainer or contingency. An industry has evolved around the

EXIT VISA

A document showing the authorization and permission given to the holder by the appropriate authorities for entering .

EXPECTATION

1. In General, this is the belief that something will happen based on a series of actions. 2. In Statistics, this is the likelihood, the average probability, of an unplanned occurrence.

EXPEDITING EXPENSES

The monetary costs for attaining the desired result as quickly as possible. In fast tracking repairs or replacement of a lost or damaged asset, overtime, express transport, prioritizing will each likely cost

EXPIRED APPROPRIATION

An appropriation where no new contract can be done but is used to settle existing obligations.

EXPORT CREDIT GUARANTEE

Insurance to cover an exporter from nonpayment by the importer. It has an ad valorem fee that considers credit worthiness of the importer.

EXPRESS AGREEMENT

A contract between parties that lets them declare intentions and contract them.

EXTENSION CLAUSE

A rule in a contract that lets the parties to continue it after the expiration date.

EXTERNAL INCOME

1. income from activities that occur outside the company. 2. refer to remittance.

EXTRACTIVE INDUSTRY

A process that needs raw materials from earth to be used. It relates to metal, minerals, and earth aggregates.

EFFICIENT FRONTIER

Achieving the best risk-to-reward ratio for a given asset under existing circumstances. Maximum return from minimum risk result.

ELASTICITY OF DEMAND

The amount of change in demand for a good or service when its price changes. An example is a sales increase coinciding with a drop in prices and sales decrease coinciding with

ELECTRICITY

Caused by the movement of electrons in a conductor from positive and negative points. A type of energy. Used for providing power to buildings, electric devices, and even some automobiles. Several people

ELECTRONIC DATA GATHERING AND RETRIEVAL (EDGAR)

EDGAR is a computerized reporting system that automatically collects, validates, indexes, accepts, and forwards submissions by securities firms, and makes the data almost instantly available online. US Securities & Exchange Commission (SEC)

ELECTRONIC POINT OF SALE (EPOS)

An electronic method of retail checkout. Usually self-contained. The system involved is typically capable of all tasks of a store checkout counter: payments by bank or credit cards, transactions verification, sales reporting,

ELEMENT

1. In General, it is a term used to describe a basic principle or a fundamental part. 2. In Chemistry and Physics, it is a term that categorizes unique, distinguishable, basic matter.

ELIGIBLE LIABILITY

A BANK LIABILITY, such as an interbank or retail DEPOSIT, that attracts a regulatory RESERVE.

EMBEDDED COMPUTER

Part of a larger computer system, this computer sub-system performs no data processing functions, only specific support functions, such as guidance or security.

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