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

Category: E

EXTRANET

A network of computers that lets controlled acces to information to outsiders that are authorized to be connected to the intranet.

ECONOMIC CAPITAL

CAPITAL resources that a company allocates internally to conduct its operations and support its RISKS (including FINANCIAL RISK and OPERATING RISK). Economic capital, which is a key measure of SOLVENCY, serves to

EFFICIENT MARKET HYPOTHESIS

A theory stating that financial markets reflect all publicly available information, suggesting that all investors have an equal opportunity to earn a given minimum return, and that it is not possible to

ELASTICITY OF SUPPLY

Producer response to price change for their goods or services. Typically, a prices increase means an increase in supply.

ELECTROMAGNETIC COMPATIBILITY (EMC)

Condition where electronic equipment and systems to operate without causing or suffering unacceptable degradation in output or performance when in close proximity to electro-mechanical devices, .

ELECTRONIC PROCUREMENT (E-PROCUREMENT)

Obtaining, or procuring, goods and services by internet or a company’s intranet as well as applying tighter fiscal controls over spending and product preferences. This process typically streamlines all aspects of the

ELEMENTAL

Something made up of a single element. Pure hydrogen is elemental hydrogen (H).

ELIGIBLE OFFER

Something made available when requirements are met. Example: offering a particular coverage to eligible people.

EMBEDDED SYSTEM

A fully functioning and complete computer system that is a sub-subsystem. Surface-mounted devices, such as a stepper motor or controller, are some examples.

EMMAGE

The number of ems as a measure of total area of type print.

EN SUITE

1. In General, an object that is a part of a set of objects. Also means being immediately adjoining or next to. 2. In the Hotel industry, it is French, meaning those

END OF THE PIPE

Managing the output from a process stream, not dealing with it in-stream. Physically, in metal work, an example is catalytic converters installed on engine exhaust pipe ends to reduce emissions. There is

ENDOW

Giving, bestowing, or providing something to someone. Usually a financial term. Example: giving money to a college is endowing, giving money to a bride and groom, typically the bride.

ENERGY SOURCE

A substance that is converted by process into usable energy. Examples are coal, gas, oil, and wood.

ENTERPRISE

1. A corporation, business, firm, company, or registered group with a designated purpose. 2. More typically, a group, driven by initiative and resourcefulness, incorporated or not, organized to conduct entrepreneurial activity.

ENTERPRISE VALUE

A firm’s total capitalization defined as market value. Calculated as: Equity, added to debt, minus the non-critical asset value. To the firm’s core business, these assets must be casual, non-essentials.

ENTRY PAPERS

Documentation due to customs. Examples are a duty entry, commercial invoice, and air waybill or bill of lading. Known also as entry package.

ENVIRONMENTAL VALUE ADDED

Expected positive net impact over a specific period of time. Measure of the quality of an organization’s activities on the environment.

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