The Law Dictionary

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

Category: E

EXPLODING

1.how a plan is broken down into its smaller parts for subplans. 2. expressing something in a chart to clarify its subparts.

EXPORT CONTINGENCY INSURANCE

Additional insurance for marine transport of goods. The cargo is the importer’s responsibility. It is active when the importer doesn’t arrange insurance or has insufficient insurance.

EXPORTS

A product that is sold to other countries by the original country. Refer to export.

EXTENSION CLAUSE

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

EXTERNAL FINANCING

Money from outside investors and lenders not from the firm’s internal reserves.

EXTRINSIC REWARD

A reward that is expected but does not lead to more satisfaction. Refer to hygiene factors.

EFFECTIVE DOSE 50 (ED50)

The dosage, the amount of a substance or drug, that is needed to make the wanted result or effect occur. For a test sample, it is the dosage required to get the

EFFICIENCY RATIO

The measurement of how well a company manages profit versus costs. Accounts receivable and payable are the source for this measuring.

ELASTIC MODULUS

Ratio calculated as the pressure or stress on a substance versus the ability to resist or strain to maintain integrity. Longitudinal stress to strain, is Young’s modulus. Fractional decrease in the volume

ELECTRIC ARC FURNACE

A type of furnace that uses graphite electrodes to melt scrap iron and steel that is often mixed with DRI pellets. Furnace can be AC or DC powered. See also induction furnace.

ELECTRONIC COMMERCE CODE MANAGEMENT ASSOCIATION (ECCMA)

Organization established to provide standardized electronic commerce codes for membership-based businesses over the internet. United Nations sponsored an open, transparent, and efficient process for the development, maintenance, and distribution of these codes.

ELECTRONIC MAIL (EMAIL)

Online transfer of text, voice, and/or video messages. Email emanates from one computer or device and arrives at another computer. Typically, in these days, this occurs over the internet.

ELECTRONIC TICKET (E-TICKET)

Electronic airline, train, or any type of travel-ticket. Using personal id and ticket code, the traveler retrieves the ticket at a machine or travel service agent. Refer also to paperless ticket.

ELIGIBLE COMMERCIAL ENTITY

A person, group, or company with risk management ability in trading commodities and in accepting or delivering the underlying commodities from a futures contract. Usually hired on a contract basis.

ELLIOTT WAVE PRINCIPLE

A technical analysis concept in securities trend prediction. A pattern made of five waves up and three waves down consistently occurs in the stock markets. US accountant Ralph Elliott (18711948) as described

EMERGENCY MEDICINE

Specialized equipment and support. Available as required for speedy diagnosis and treatment situations. Typically used in an accident, sudden illness, traumatic event, or violent crime. See also disaster medicine.

EMPHYSEMA

A lung disease that swells and destroys the lung tissue. Certain substances such as asbestos are known causes.

EMPLOYEE ENGAGEMENT

Mental, emotional, and motivational connection an employee has towards the employing organization. It can be positive or negative. This is a gauge of an employee willingness to strive for organizational goals. It

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