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

EUROPEAN ARTICLE NUMBERING (EAN) CODE

Barcode with a 13-digit numbering scheme. Considered to be a world-wide standard, replaced the prior 10-number schemed UPC. Main use is identifying packages, shipping containers, and parts for shipment tracking.

EUROPEAN BANK FOR RECONSTRUCTION AND DEVELOP

An international development BANK created in 1990 to assist in the economic development of Central and Eastern European nations via infrastructure and project LOANS to private and public sector borrowers.

EUROPEAN CENTRAL BANK (ECB)

The central bank of the European Union (EU) area. Responsible for planning and rolling out the EU money-management polices. Organized January 1, 1999. This bank is independent from all EU countries and

EUROPEAN COAL AND STEEL COMMUNITY

Collaborative managing group for many countries in Europe over the combined production of coal, iron and steel. The Treaty of Paris in 1951 began this effort. In 2002 this community merged with

EUROPEAN COMMISSION

EU subsidiary. Accountable for EU treaty enforcement is the sole legislation-proposal group for EU, and conducts other executive actions. And 27 Commissioners that comprise the commission must act independently of their member

EUROPEAN CURRENCY UNIT (ECU)

A unit of account, created by the European Economic Community in 1979 as part of the European Monetary System, based on a weighted average of the currencies of the member countries. The

EUROPEAN LIFE SETTLEMENT ASSOCIATION (ELSA)

Group formed to assure life settlement transactions are executed compliant to standards and with fair treatment. By selling the policy value to a third-party, a life insurance policy owner initiates a life

EUROPEAN MONETARY UNION (EMU)

The monetary system of member European nations that is based on coordinated management of INTEREST RATES, FOREIGN EXCHANGE rates, and INFLATION. The EMU created the EUROPEAN CENTRAL BANK to guide its policies,

EUROPEAN OPTION

Expiration-date execution is the defining characteristic of this type of option. Contrast to an American option; execution can occur any time before and on expiration date. The average price of the underlying

EUROPEAN PARLIAMENT

EU’s only parliamentary institution that is elected; has five-year terms. It and the European Commission have legislative powers. However, only the EC can propose said legislation. This parliament manages EU budgetary actions.

EUROPEAN TERMS

Exchange rating against one US dollar. Rate is how much of a foreign currency, in units and fractions, will buy one US dollar. The reciprocal term is how many US dollars, in

EUROPEAN UNION (EU)

A working collaborative of specific European countries. Addressing mutual concerns is the mission.

EUTECTIC

Alloy mixture of two or more components. Eutectic alloys are fusible, becoming a very well mixed solid as they solidify from a liquid while cooling. Proportioned mixtures attain a melting point as

EUTROPHICATION

Slow transformation of a vibrant water area to a marsh or bog. Death by shallowing and algae is the end-point if not reversed.. Root cause is the dumping or concentrating of pollutant

EVACUATION PROCEDURE

Method for evacuating. States the reasons, how to conduct oneself during, and where to go to be clear of emergency actions and for roll call.

EVALUATION CRITERIA

Measurable, quantifiable benchmark, standard, or yardstick. Used to analyze results and map against the benchmark. Accomplishment, conformance, performance, and suitability are examples of characteristics analyzed.

EVALUATION OF RISK

Periodic analysis of risk for acceptability decision to continue, measured against significance.

EVALUATION PERIOD

Pre-determine duration for the collection of information to be used in a pre-determined analysis. An example is a quarterly money manager performance evaluation.

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