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

Category: E

ELECTRONIC LIBRARY

Database of digitized audio, video, and written material, on a physical site and/or a website, giving 24hour online access to users.

ELISION

An efficiency in the print industry. Leaving out one or more unessential characters, minimizing the series of characters needed for understanding. An example is printing ‘199798’ instead of ‘19971998.’

EMERGING ECONOMIES

Economies of certain Asian and Latin American countries. Huge potential for growth seems guaranteed, but significant political, monetary, and social risks are potential dangers. Rapidly growing and volatile.

EMPIRICAL PROBABILITY

A statistical model. Derived by calculating the number of times an event occurs to the number of possible times it could occur, and expressing that results as a ratio. Used to propose

EMPLOYMENT SITUATION REPORT

A monthly report out of the US Department of Labor’s Bureau of Labor Statistics. The reports are for employees working in major industries. It consists of unemployment rates, non-farm payroll employment, the

ENCOUNTER

The insured receives some type of service at a meeting with a provider.

END-OF-THE-YEAR CONVENTION

Arising with the infamous Enron accounting farce, this term categorizes illegal, undesirable accounting methods (refer to cookie jar accounting), and stating a favorable stock price for the company will occur due to

ENERGY EFFICIENCY

Measured use of energy. Portrayed as a percentage. Calculated as the total energy used by a machine or equipment that does not become wasted, useless heat.

ENGLISH SERVICE

Method from feudal times of English rule for serving private dining rooms or restaurant food. The waiter or waitress delivers portions to each guest from a large dish. Serving begins with the

ENTERPRISE LIABILITY DOCTRINE

Legal principle that Liability for crime(s) committed by a constituent business, department, or unit can be applied and made accountable corporate-wide.

ENTREPRENEUR

A business adventurer; a business explorer. Takes advantage of an opportunity, real or perceived. As the decision maker, decides what, how, and how much of a good or service will be produced.

ENVIRONMENTAL EQUITY

Equitable sharing of environmental impacts by a community. Environmental policies and laws strive to ensure that no one group or community bears a larger, unfair share of harmful effects from pollution or

EQUAL OPPORTUNITY EMPLOYER (EOE)

An employer who overt advertises to being in compliance with the principle of equal opportunity. The focus is typically hiring and promotion practices. Such an employer will not discriminate and will terminate

EQUITABLE ASSIGNMENT

A result that falls short of meeting the requirements of a legal assignment, yet, in the interest of fairness and justice, will be enforced by the courts, and documented as valid.

EQUITY INVESTMENT

The worth of assets and money an entity invests (person, company, group) in another company or fund. Ownership is represented the number of shares the owning entity holds as investments over time.

EQUITY SWAP

Actual trading full or partial ownership of one or more security vehicles or investment risks between one or more parties.

ERROR OF PRINCIPLE

Accounting mistake posted to an incorrect account after a double-entry item error was made on one or both sides.

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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.