The Law Dictionary

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

Category: E

ENTREPRENEURIAL MODE

Early stage in a firm’s development. Typical situations are where one or more founders make most or all day-to-day and strategic decisions. Few established process or standards or documents. Refer to adaptor

ENVIRONMENTAL ASSESSMENT (EA)

Risk Analysis leading to conclusion on significant effects of a program or project in both the short-term and long-term. The focus in on the quality of the project location’s environment. Identifying ways

ENVIRONMENTAL FORECASTING

Projected trend or result of an environmental event based on past experience. Used to effect the performance of a firm, disrupt its plans, or force a change in its strategies. Estimates are

ENVIRONMENTAL POLICY

an organization’s objectives regarding the environment supported by documented intentions and philosophy publicly stated.

ENVIRONMENTAL UNCERTAINTY

Unsettled, shifting trends threatening environmental sustainability. Can be a situation where company management has little external-environmental information on changes in the existing environment..

EQUALIZATION RESERVE

Legally demanded amount of liquid cash or asset an insurance company must have on-hand for the long term. This is to cover unforeseen, wide-spread, catastrophic disasters that might likely drain the standing

EQUITABLE CHARGE

In case of non-payment a creditor retains the right to judicial process to recover the amount loaned. Asset ownership or possession does not necessarily go to the creditor.

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.

ERRORS AND OMISSIONS LIABILITY INSURANCE

Insurance coverage against claims of negligence and errors resulting from services rendered, protecting various categories of professionals such as accountants, architects, brokers, consultant, engineers, lawyers.

ESTIMATING SYSTEM

Characteristics and information used in projecting values, typically cost estimates. Information used is policies, procedures, practices, and available, reliable historical data.

EURO COMMERCIAL PAPER (ECP)

Short term, unsecured discount DEBT securities with maturities ranging from 1 to 360 days issued by companies in the EUROMARKETS. A SYNDICATE of DEALERS places ECP on a BEST EFFORTS basis; unlike

EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOP

An international development BANK created in 1990 to assist in the economic development of Central and Eastern European nations via infrastructure and project LOANS to private and public sector borrowers.

EVALUATION CRITERIA

Measurable, quantifiable benchmark, standard, or yardstick. Used to analyze results and map against the benchmark. Accomplishment, conformance, performance, and suitability are examples of characteristics analyzed.

EVERGREEN FUNDING

To prevent debt from maturing, infusing money into an enterprise over a gradual period of time. Preventing the enterprise making principal payment on the debt occurs from adjusting of maturity date each

EX PARTE ORDER

Court order against a party absent from the proceedings and given no prior notice.

EXCESS PLAN

A plan that includes social security in its retirement funding.

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