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

Category: E

EXPLOSION INSURANCE

Insurance for property loss due to explosion. It doesn’t cover boilers or pressurized instruments.

EXTENDED WARRANTY

Extending coverage on a standard warranty. The time a producer is liable pays is extended. This is offered at the end of a warranty.

EXTERNAL ENVIRONMENT

Parties and factors that surround an organization but influence it and the risks. AKA operating environment.

EFFICIENCY PRINCIPLE

An economic theory that states that the maximum social benefit that is received from any type of action is received when the marginal social costs of resource allocation is equal to the

ELASTIC LIMIT

Point beyond which deformity will permanently occur. Condition of maximum pressure or stress put on a piece of material.

ELECTRIC ARC FURNACE

A type of furnace that uses graphite electrodes to melt scrap iron and steel that is often mixed with DRI pellets. Furnace can be AC or DC powered. See also induction furnace.

ELECTRONIC COMMERCE CODE MANAGEMENT ASSOCIATION (ECCMA)

Organization established to provide standardized electronic commerce codes for membership-based businesses over the internet. United Nations sponsored an open, transparent, and efficient process for the development, maintenance, and distribution of these codes.

ELECTRONIC MAILING LIST

A list of email addresses. Retained electronically by the email user to send email to a group of users or to easily find the addresses of a selected user. Some companies buy

ELECTRONIC TRANSFER

Online process of moving any funds from any one account to any other account. It can take various forms, including a retail purchase by credit or debit card, or bill paying automatically

ELIGIBLE CONTRACT PARTICIPANT

Participants required to own or be able to commit to a sufficient regulated status and have available a specific amount of assets. Participant can be either an individual or a group. Participants

ELLIPSIS

In typography, indicates one or more missing words, as in a shortened quotation. Consists of three dots (…). Known also as elision marks.

EMPLOYED EARNER

UK term for an individual whose compensation and benefits are taxable, and who is works regularly, full-time or part-time.

EMPLOYMENT VERIFICATION

Confirming a person’s employment eligibility. Involves checking past work history of current or potential employees. Insuring details provided by the employee match the information found. Occurs typically prior to hiring or promoting

ENCRYPTION ALGORITHM

The method used to encrypt and decrypt communications or data files. This can occur on paper or electronically. The method is typically a mathematical formula or Key. Both the sender, the encryptor,

ENDOGENOUS GROWTH THEORY

The concept that economic growth depends on government-negotiated, but non-international trade policies, industry access to capital and human resources, and effectiveness of internal processes. Popularized in the 1980s, this theory allegedly explains

ENERGY EFFICIENT PRODUCT

Category of energy consuming appliances and equipment. Overall energy efficiency rating (1) within the top 25 percent ratings, or (2) 10 percent better than a minimum standard are the basis for selection

ENHANCEMENT

Requested or provided change that increase the value of an item or improves overall capability or available functionality.

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