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

Category: E

EXPLANATION

Commentary that is made to clear up a subject to make linkages clear in a concept. Refer to definition and description.

EXTENDED DEATH BENEFIT

Group policy rule that pays life insurance benefits if the insured party is disabled from the time premiums are not paid until that person dies. It is also paid if the person

EXTENSION RISK

The loss of growing interest rates that slows the rate of principal payments on loans.

EXTRAPOLATION

Predicting an unknown from the known data. It uses history and the current population to predict growth. If the current situation is stable it is a good prediction method. Refer to interpolation.

EDGE ACT BANK

A US banking entity, owned by a state or nationallychartered BANK, with an international business scope. Edge Act banks are authorized to operate interstate branches, accept DEPOSITS from offshore sources, invest in

EFFICIENT PORTFOLIO

A portfolio with a certain level of risk yielding its highest return possible. Known also as an optimal portfolio.

ELASTICITY OF TECHNICAL SUBSTITUTION

Company response to a price change for an input substitute. To what degree can two inputs substitute for each other, based on price changes. Measured as a ratio; scale of change in

ELECTROMAGNETIC FIELD

Area where an object experiences a force or the effect of electromagnetic radiation (EMR). Typically experienced around electromagnetic devices and power lines.

ELECTRONIC DATA PROCESSING (EDP)

Recording, classifying, manipulating, and summarizing data, using computers. Known also as Automatic data processing, data processing, or information processing.

ELECTRONIC PUBLISHING

Involves written information handled through digital media (diskettes, CDROMs, DVDs, portable document files (PDF)), or online over the internet or other networks. Encompasses the entire process of bringing information from concept to

ELEPHANT

A large institutional client, such as a PENSION FUND, MUTUAL FUND, HEDGE FUND, CORPORATION, or sovereign entity, that financial institutions court in order to generate NEW ISSUE, CORPORATE FINANCE, or investment advisory

ELIGIBLE PAPER

Shortterm financial instruments (such as GOVERNMENT BILLS, CERTIFICATES OF DEPOSIT, BANKER

EMBEDDED VALUE (EV)

A method that calculates asset value when added to future revenue of the policy. It is used to assess the value of a life insurance policy. A point-in-time calculation.

EMOTICON

Symbols and symbolization electronically keyed by keyboard or keypad. Initially begun as digital facial expressions on digital devices. Primarily used to express an emotion. Example: πŸ™ denotes sad; 😎 happy; People emphasize

EMPLOYER IDENTIFICATION NUMBER (EIN)

An IRS-generated, unique identifier (ID) used to identify an entity that potentially owes taxes. Businesses, partnerships, or other entities are required by law to have such an ID.

ENABLERS

That which allows an action or behavior to occur. Often it contributes to the success of an entity, program, or project. It can be capabilities, forces, or resources. It can also be

END PRODUCT

1. Resulting object from a process. Finished good. Deliverable. 2. Contractual delivery of the item produced. Can be articles, materials, or supplies..

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