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

Category: E

EXCESS BAGGAGE

Overweight passenger luggage. More carry-ons that is allowed. Usually demands additional payment to the carrier and even shipping separately as freight or cargo.

EXCESS RETURN

Difference between higher return rate and a lower risk free rate. An example is a return rate is 5 percent and a risk free rate of 1.5 percent results in a investment’s

EXCISE STAMP

A stickie that is objective evidence that a tax has been paid for the sold product, typically alcohol and cigarettes.

EXECUTORY COST

Executory contract servicing expenses. An example is paying excise tax on a leased car.

EXORDIUM CLAUSE

A statement of self-identification and intent by the grantor in the opening clause of a will. The grantor introduces him/herself as the person whose will this is, identifies his/her residence at the

EXPECTED LOSS

The EXPECTED VALUE, or MEAN, of a statistical loss distribution function. The loss distribution function may be created to compute credit losses, INSURANCE losses, or other financial losses.

EXPENDITURE-BASED BUDGET

1. Using known paid expenses for goods and services to determine one’s budget. 2. Using known paid expenses for goods and services to generate a financial plan.

EXPERIENCE QUALITIES

Post-purchase and consumption evaluation of the way a service was provided. Points of courtesy, attention, and satisfaction are weighed.

EXPLICIT KNOWLEDGE

Knowledge that is recorded and expressed. It is easy to share and store. It can be in books or on the internet. It is the opposite of tacit knowledge.

EXTENDED HOURS TRADING

Electronic trading that happens after normal trading sessions. It can be done by anyone while it used to be for market makers or firms. They also buy and sell stock during these

EXTERNAL ATTRIBUTION

The way people behave based on their perceptions and reactions. It compares how different people react to the same situation.

EXTERNAL STRUCTURE

How a firm relates shown in a web drawing. It involves competitors, customers, and suppliers to name a few.

EXPOSE

v. To show publicly; to display ; to offer to the public view; as. to “expose”goods to sale, to “expose” a tariff or schedule of rates, to “expose” the person. Boyntonv. Page,

EXTENSION

In mercantile law. An allowance of additional time for the payment of debts. An agreement between a debtorand his creditors, by which they allow him further time for the payment of his

EXTRACT

A portion or fragment of a writing. In Scotch law. the certified copy, by aclerk of a court, of the proceedings In an action carried on before the court, and of the

EXTRINSIC

Foreign; from outside sources; dehors. As to extrinsic evidence, see EVIDENCE.

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