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

ESTIMATED REVENUE

Projected collection of monies from sales based on some previous experience. Usually time-bound for an accounting period. Can include interest yield.

ESTIMATED TIME OF ARRIVAL (ETA)

Projected landing time and date for a ship at port or a flight at an airport. Typically for a specific city. Known also as expected time of arrival.

ESTIMATED TIME OF DEPARTURE (ETD)

Projected leaving time and date for a ship at port or a flight at an airport. Typically for a specific city. Known also as expected time of departure.

ESTIMATED ULTIMATE RECOVERY (EUR)

Projected volume from a cache or reserve. Typically stated for oil or gas drilling. Drives prospective investments in an oil or gas exploration company. Used mainly by market sector analysts.

ESTIMATED USEFUL LIFE

Projected useful time of revenue or service generation of an asset. Known also as estimated life.

ESTIMATING

Guessing based on past experience, but with limited existing knowledge. Typically for arriving at a number or price for quoting in a sale.

ESTIMATING METHODOLOGY

Way a projected value was computed. Useful in modeling cost and resource needs. Known also as estimating technique.

ESTIMATING RELATIONSHIP

Mathematical formula used in projecting a value based on other related variables. An example is projecting the cost of material consumed based on the number of hours worked and the number of

ESTIMATING SYSTEM

Characteristics and information used in projecting values, typically cost estimates. Information used is policies, procedures, practices, and available, reliable historical data.

ESTOPPEL BY LACHES

Legal ban arising when an entity purposefully causes delay of a claim being made, a legal ban is established.

ESTOPPEL BY SILENCE

When a party purposefully remains silent but is legally obliged to speak, a Legal ban is established.

ESTOPPEL CERTIFICATE

Written, signed stipulation of previously established facts preventing subsequent contradiction or recant of these facts. An example in the mortgage industry specific information is stated in an estoppel certificate to preclude any

ETHERNET

Generic name for the category of local area network (LAN) protocols and cabling schemes. Most popular LAN. A LAN connects computers, printers, modems, terminals and other peripherals. Can connect up to 1,024

ETHICAL

Depends of society’s moral code. Personal code often differs from public code and often differs from legal code. Meant to mean that which is equitable, fair, and just when dealing with people.

ETHICAL AUDITING

Evaluation on an entity’s moral and legitimate performance. Measures an organization’s perspective and execution on that which is ethical Done by a neutral, third-party.

ETHICAL INVESTMENT

Investing in stocks of company’s considered to by ethical. An investment philosophy. Usually done through mutual funds or unit trusts.

ETHICAL ISSUE

A conflict of right (ethical) or wrong (unethical) or situation forcing alternatives on an entity seeking ethical behavior.

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