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

Category: E

ESTIMATED ULTIMATE RECOVERY (EUR)

Projected volume from a cache or reserve. Typically stated for oil or gas drilling. Drives prospective investments in an oil or gas exploration company. Used mainly by market sector analysts.

ETHICAL STANDARDS

Morality stated as principles. Intended to generate trust, good behavior, fairness, and kindness. Typically occurs in a corporate setting, for an organization.

EUROMARKET

Commonly known as Eurobond, Eurloan, and Euronote markets.

EUROPEAN UNION (EU)

A working collaborative of specific European countries. Addressing mutual concerns is the mission.

EVERY DAY LOW PRICES

Consistently lower-than-customary prices replace periodic promotional discounts as a trading practice.

EXCEEDANCE

Going beyond a specific set limit. Typically used with pollution, like pollutants in a waste stream, to describe violating a permitted level, count, or number.

EXCESS OF LOSS (XOL) AGREEMENT

A REINSURANCE arrangement where a REINSURER assumes RISKS and returns in specific horizontal or vertical layers; depending on the magnitude of losses and the sequence and level of ATTACHMENT a reinsurer may

EXCHANGE RATIO

The percentage of how many of a buying company’s shares are to be swapped for the shares of a company being bought.

EXCLUSIVE DISTRIBUTION

Agreed-to restriction allowing a specific seller/marketer/distributor to represent a particular line of goods of services to a specific market or retail area. An example is an new line of clothing being marketed

EXECUTIVE SEARCH

The actions of seeking to hire corporate officers, executives and other senior level management positions. Payment for the search is typically either by retainer or contingency. An industry has evolved around the

EXIT VISA

A document showing the authorization and permission given to the holder by the appropriate authorities for entering .

EXPECTATION

1. In General, this is the belief that something will happen based on a series of actions. 2. In Statistics, this is the likelihood, the average probability, of an unplanned occurrence.

EXPEDITING EXPENSES

The monetary costs for attaining the desired result as quickly as possible. In fast tracking repairs or replacement of a lost or damaged asset, overtime, express transport, prioritizing will each likely cost

EXPIRED APPROPRIATION

An appropriation where no new contract can be done but is used to settle existing obligations.

EXPORT CREDIT GUARANTEE

Insurance to cover an exporter from nonpayment by the importer. It has an ad valorem fee that considers credit worthiness of the importer.

EXPRESS AGREEMENT

A contract between parties that lets them declare intentions and contract them.

EXTENSION CLAUSE

A rule in a contract that lets the parties to continue it after the expiration date.

EXTERNAL INCOME

1. income from activities that occur outside the company. 2. refer to remittance.

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