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

Category: Finance Dictionary

EXCESS VALUE

Value declared for a shipment greater the carrier liability limit.

EXCLUSION

1. Something not covered, as in specific damage not covered in an auto policy. S 2. Something not included in an investigation or a tax. An example is an asset or income

EXCLUSIVE RIGHT TO SELL LISTING

Formally agreed-to restriction allowing a real estate agent to be the sole seller of a property, typically for a 3-month period. The property owner can find anyone, but must bring that prospective

EXECUTION RISK

The RISK of lowering ENTERPRISE VALUE by not being able to successfully gain entry into a new market, introduce a new product or service, or absorb a new acquisition.

EXOTIC CURRENCY

A currency that is not widely used in international trade and financial transactions and is thinly traded in the FOREIGN EXCHANGE markets; the general lack of LIQUIDITY can result in increased price

EXPECTED MONETARY VALUE

Total of the weighted payoffs as predicted outcomes related to one decision. The weightings relate to the likelihood, expressed as probabilities, of varied events generating the possible payoff. Mathematically, this is the

EXPENSE

Money spent or cost incurred in an organization’s efforts to generate revenue, representing the cost of doing business.

EXPERIENCE RATING

Actual claims in a previous by amount paid-out. Used a the basis for calculating upcoming premiums.

EXPLODED VIEW

An illustration of an item that is not assembled so that all parts are visible.

EXPORT MERCHANT

An importer that buys directly from a foreign party to repackage and sell the brand.

EXTERNAL VALIDITY

Whena generalization is amde from other studies that only have a part of the relevant population.

EXTRINSIC REWARD

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

DANGEROUS GOODS

A term for goods that can pose a risk to people, health, property, or environment when it is in transport. Perfume, aerosol cans, and paint are goods with this issue. Internation agreements

DATE OF ISSUE

The date when insurance policy is issued. It is different than the effective date.

DAY TRADE

Buying and selling the same position the same day. AKA daylight trade.

DAYS SIGHT

The date a bank must honor a draft against a letter of credit.

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