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

Category: E

ELECTRONIC HUB

Commercial website that provides coordination and synchronization services to electronic commerce (ecommerce) its users or partners.

ELECTRONIC RETAILING

Retailing done electronically: purchases, including grocery and supermarket items. The execution of commerce specifically for retail.

ELEVATOR COLLISION COVERAGE

Elevator collision insurance. This coverage is included in business liability insurance policies to covers damage to elevators. Covers personal possessions and the building that houses the elevator, as well as any other

ELIGIBLE SECURITIES

Securities that BANKS are allowed to purchase, hold, and trade on a direct basis, including GOVERNMENT BONDS and AGENCY SECURITIES. Those ruled ineligible under standing regulations must often be traded through a

EMERGENCY

Situation requiring immediate attention and remedial action. Involves injury, loss of life, damage to the property, or catastrophic interference with the normal activities. A sudden, unexpected, or impending situation.

EMPHYSEMA

A lung disease that swells and destroys the lung tissue. Certain substances such as asbestos are known causes.

ENACTMENT

The act of passing an rule or statute by a legislature.

ENERGY CONSUMPTION

Calculated amount of energy used. Any process or system, or organization or society can by evaluated and measured.

ENGINEERING MANAGEMENT

Effective planning and efficient operations applying engineering principles as a field of industry. Exists mainly in the managing of manufacturing or industrial operations.

ENTERPRISE FOR THE AMERICAS INITIATIVE (EAI)

An 1990 international program intended to accomplish three goals: 1) engage North, Central and South America to increase inter-regional trade, 2) engage the InterAmerican Development Bank to set up, manage, and monitor

ENTITY

Legally, equal to a person who might owe taxes. A generic term inclusive of person, partnership, organization, or business. An entity can be legally bound. An entity is uniquely identifiable from any

EQUAL DOLLAR SWAP

Buying a different type of convertible securities, such as preferred stock, from the selling of common stock in the same company or a similar company in the same amounts.

EQUIPMENT PERFORMANCE DATA

Data collected on availability, maintainability, and reliability of systems, subsystems, and components of equipment and machinery. Retained historically, trended and reported as levels and ratios of performance.

EQUITY INDEX SWAP

An OVERTHECOUNTER SWAP involving the exchange of a floating INTEREST RATE for potential gains from the appreciation or depreciation of an EQUITY reference index (which may be a COMMON STOCK, a BASKET,

EQUITY RISK PREMIUM

Pre-set additional value or return given to an investor on demand for taking on the risk of the investment. Contrast this to a guaranteed return of a bond or as treasury certificates.

ERROR ACCOUNT

A temporary account that holds financial amounts whose final destination is unknown or uncertain due to some type of error or suspension of a transaction. Such accounting situations must be fixed immediately.

ESSENTIAL RECORD

Records that an organization requires to show how to execute its business. These vital records are critical to restore the organization from a disaster. Refer to disaster recovery.

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.