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

ELEMENTAL

Something made up of a single element. Pure hydrogen is elemental hydrogen (H).

ELEPHANT

A large institutional client, such as a PENSION FUND, MUTUAL FUND, HEDGE FUND, CORPORATION, or sovereign entity, that financial institutions court in order to generate NEW ISSUE, CORPORATE FINANCE, or investment advisory

ELEPHANT HUNTING

A process where financial institutions attempt to win business or MANDATES from large institutional clients. Elephant hunting generally requires continuous communication with clients on dealrelated ideas and a certain amount of probono

ELEPHANTS

Slang for investment plans with an extraordinary number of volume trades. An example is an employee contribution pension plan. A catch phrase for various similar plans

ELEVATION

1. Measured and described as height above sea level. 2. Two-dimensional drawing of an object. the front, back, side, and top are drawn flat.

ELEVATOR COLLISION COVERAGE

Elevator collision insurance. This coverage is included in business liability insurance policies to covers damage to elevators. Covers personal possessions and the building that houses the elevator, as well as any other

ELIGIBILITY PERIOD

Typically describes the duration of coverage for reimbursement by a medical policy for accumulated medical costs .Also is the time prospective insureds can enroll in a group life program or health program

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.

ELIGIBLE CONTRACT PARTICIPANT

Participants required to own or be able to commit to a sufficient regulated status and have available a specific amount of assets. Participant can be either an individual or a group. Participants

ELIGIBLE DEPENDENT

A person who is deemed eligible for benefits under the policy contract. Also, person relying for financial support on a policyholder or taxpayer.

ELIGIBLE EMPLOYEE

A person eligible for benefits as an employee under the group policy contract owned by the employer.

ELIGIBLE EXPENSES

Expenses eligible for reimbursement and coverage. Typically medical costs or other charges under the health plan contract.

ELIGIBLE LIABILITY

A BANK LIABILITY, such as an interbank or retail DEPOSIT, that attracts a regulatory RESERVE.

ELIGIBLE MARGIN

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

ELIGIBLE OFFER

Something made available when requirements are met. Example: offering a particular coverage to eligible people.

ELIGIBLE PAPER

Shortterm financial instruments (such as GOVERNMENT BILLS, CERTIFICATES OF DEPOSIT, BANKER

ELIGIBLE PERSON

A person allowed to participate in services under a contract. Not necessarily an eligible employee. Possibly union members or part of an association. The person may be a spouse or child related

ELIGIBLE RESERVES

Total amount of money on-hand plus the amount of cash a bank has in a local Federal Reserve Bank. Total of hard Cash available to a US bank.

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