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

Category: E

EXPIRED COST

An expense for revenue in a period of time when benefits are also received. If a business gets all benefits from a cost it is an expired cost.

EXPORT DECLARATION

A form for customs the exporter done at the port to describe the exports and be a control document. An export license or certificate of origin is needed as well.

EXTENSION OF BENEFITS

A rule that lets employees not working extend their coverage after the policy ends. It lasts until they come back to work or are discharged from a hospital.

EXTERNAL REPORT

A report that has the company information in it. It is meant for the public to get the data needed to make decisions.

EXTRADITION TREATY

A treaty between states regarding the return of criminals who flee. The courts have to be sure that prima facie case exists.

EARNINGS PER SHARE (EPS)

The amount of net income earned by a company, after PREFERRED STOCK DIVIDENDS have been distributed, which is attributable to each outstanding share of COMMON STOCK. The EPS measure is used as

EFFICIENT MARKET

Market where immediate response to information occurs, typically in terms of price increase and decrease, as in a stock market. Based on an alleged sense of fair play where all pertinent information

ELASTICITY OF SUBSTITUTION

How buyers of a good or service to a substitute’s price changes. To what degree can two similar goods or services substitute for each other, based on price changes. Measured as a

ELECTRICITY SWAP

An OVERTHECOUNTER SWAP involving the exchange of fixed and floating electricity prices based on the average level of a recognized electricity pool or pricing index; transactions are often settled monthly or quarterly

ELECTRONIC DATA INTERCHANGE (EDI)

Like the internet this predecessor to electronic commerce is a standards-based system, independent of the type of computer hardware and software employed. It facilitates computer-to-computer exchange of electronic documents, such as purchase

ELECTRONIC PORTAL

An integrated electronic interface where a sponsoring financial institution or EXCHANGE provides clients with access to a broad range of market information, research, quotes/ pricing, analytics, and/or trade execution.

ELIGIBLE MARGIN

Margin purchase leverage as securities or collateral. Leveraged by an investor borrowing money from the broker.

EMBEDDED OPTION

Provision giving a party specific rights to take specific actions under specific conditions as a part of an agreement. Examples in the bond market are a ‘callable bond’ and a ‘putable bond,.

EMISSION STANDARD

Maximum amount of a specific pollutant from a single fixed or mobile source allowed to be discharged into the atmosphere or water.

EMPLOYEE SELF-SERVICE (ESS)

Employer-provided, web-based system for employees to manage their personnel and payroll information. Access is given on earnings, taxes, benefits, direct deposits, retirement fund allocations, and vacation leave balances. Tax withholding information is

EN PENSION RATE

European term for hotel room rate offered to guests who take all their meals at the hotel. In UK, for example, it would include morning tea or coffee, breakfast, lunch, afternoon tea

ENDORSEMENT

1a. In insurance, this is an added, special provision to an insurance policy that improves or constrains its coverage. 1b. In other types of contracts, this one or more addenda not part

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