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

Category: Finance Dictionary

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.

DATA MART

A simplified version of the data that a smaller organization uses.

DAY ORDER

An order that expires if it is not done the day it is placed.

DEADLINE EQUIPMENT

Equipment that’s inoperative because of damage, or need or repair. It may be damaged if it is used or may be unsafe to be used.

DEBARMENT

Any exclustion or preclusion that prevents having or doing something.

DECERTIFICATION

When employees disassociate from a union or when a firm denies a union’s recognition to represent the employees.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.