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

Category: E

ELONGATION

a tension test of the ductility of a material. Higher elongation mean higher ductility. Measures the increase in the gauge-length of a test specimen. Ends at fracture of its original gauge length.

EMERGING NATION

Developing country, typically involved in a emerging market, becoming an industrialized nation by achieving greater industrial capacity.

EMPLOYEE CERTIFICATE OF INSURANCE

Proof an employee has this insurance coverage, typically as a member of group plan. By law, this must be in print form, consisting of a short outline of the plan’s benefits, accompanying

EMULATION

Mimicking. A software system industry term. Providing functionality of a software by a different software. Example: running Microsoft XP on an Apple PC. Typically requires decomposing a known software by reverse engineering.

ENCUMBERED ASSET

Property owned by one party but subject to the legal claims of another party. See encryption and encryption algorithm.

ENDOGENOUS UNCERTAINTY

If the company would announce the uncertainty, it would end the doubt enveloping a company’s financial situation.

ENERGY RECEIPTS

Measured energy usage by the contracted energy user. Measured by the generating entity, typically the energy utility over its transmission lines.

ENROLLEE

A person signed up to receive benefits from a health insurance plan. Dependents of an insured are excluded.

ENTERPRISE RELATIONSHIP MANAGEMENT

Organized, computerized, periodic analysis of customers, sales, and market data. Computerized analysis trends detect patterns of demand, usage, and service requirements. Patterns are feedback to devise new or improved procedures and policies

ENTROPY

A measurable condition. The level of disorder in a closed but changing system. The system can only change in one direction, from a relatively ordered state to a more disordered state. During

EQUATED MONTHLY INSTALLMENTS (EMI)

Planned, static, constant-amount repayment installments. May be post-dated checks collected in advance. Typically cover hire purchases, leases, or loans.

EQUITIES MARKET

Ordinary shares of various types of stocks are bought and sold in a central trading place, called a securities market. In the US there are several of such markets, collectively called The

EQUITY MARKET

A place for trading investment vehicles, giving companies sources of capital, as well as investments for another entity to share risks, invest, and raise personal worth. Known also as stock market.

EQUIVALENT ANNUAL COST

Calculated yearly cost for owning an asset, tallied up to a to-date, life-time cost of ownership.

ERUDITE

Scholarly; smart. People who have great knowledge from spending extended time gaining this knowledge. This knowledge is gained formally through school, or personally by reading. Experts are considered to be erudite in

ESTIMATED TIME OF DEPARTURE (ETD)

Projected leaving time and date for a ship at port or a flight at an airport. Typically for a specific city. Known also as expected time of departure.

ETHICAL RELATIVISM

Basing choices on what seems right or reasonable solely on one’s belief or value system. A trend of making ethical decisions this way.

EUROLOAN

Foreign currency denomination-based loan.

EUROPEAN TERMS

Exchange rating against one US dollar. Rate is how much of a foreign currency, in units and fractions, will buy one US dollar. The reciprocal term is how many US dollars, in

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