The Law Dictionary

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

Category: E

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

1.Energy generated by a pattern of oscillation of electrons and protons. A type of energy. A source of power used to provide light, heat, or energy for devices such as computers. 2.

ELECTRONIC COMMERCE (E-COMMERCE)

Business conducted without the exchange of paper based documents through the use of electronic and/or online devices. It includes activities such as procurement, order entry, transaction processing, payment, authentication and nonrepudiation, inventory

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.’

EMERGENCY DOCTRINE

1. In Law enforcement, this is the principle that without warrant, based on a reasoned conclusion to prevent an very likely danger to life, limb, or property, a police officer may carry

EMPHASIS ADDED

When part of a quote is emphasized by bolding, italicizing, or underlining them. to indicate that the emphasis is the author’s or reviewer’s note, these words are typically enclosed in square brackets

EMPLOYEE DISHONESTY COVERAGE FORM

Insurance coverage for any loss of money or intellectual or physical property caused by an employee’s dishonesty. This is actually a form of a fidelity bond that is a commercial crime policy.

EMPLOYEE UTILIZATION

To maximize the efficiency of a company’s employees, a plan is prepared. Using a variety of methods, the company seeks to insure employees are not wasting time on less profitable tasks. Method

EMPLOYMENT AGREEMENT

A formal agreement that spells out the rules of engagement between an employee and an employer. Compensation and expectations and benefits are typically subjects. Known generally as employment contracts, they are time-limited,

ENABLING CAPABILITY

Something that allows an entity, program, or project to initiate and begin action, but does not necessarily lead to success. It can be action or inaction; decision or indecision; it can be

END USER

Actual person who uses a deliverable, be it a product or a system or a process. Contrasts to those who authorize, manage, build and deliver the deliverable.

ENDORSEMENT SPLIT DOLLAR

A plan with ownership and control of an employee’s life insurance policy given to the employer. The employee’s right to policy benefits is protected by the employer’s backing.

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.

ENGINEER

1. A person trained in the field of engineering, or someone who works closely with machines or engines. 2. A person who operates large motorized equipment. An example is a train engineer,

ENROLLMENT PERIOD

Defined period of time with a specific start and end date for registering in a plan to receive benefits. Typical of health care insurance coverage.

ENTERPRISE RESOURCE PLANNING (ERP)

Computerized management of all enterprise resource planning. Integrated, multi-module software system expedites identifying and planning the resource needs of an enterprise. ERP is accounting oriented. Provides a single user-interface for the entire

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