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

EXCHANGE-TRADED FUND (ETF)

A MUTUAL FUND on a security, BASKET or index, that trades on an EXCHANGE with continuously quoted and constantly changing prices, and which provides investors with the ability to engage in SHORT

EXCISE DUTY

1. A tax on manufactured, exchanged, or locally sold produce goods. 2. A tax on a company’s revenue, instead of on the company’s income. 3. A fixed tax on an activity or

EXCISE STAMP

A stickie that is objective evidence that a tax has been paid for the sold product, typically alcohol and cigarettes.

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

EXCLUSION CLAUSE

Statement in an agreement that does not cover or does not include something, such as excluding relatives from insurance coverage. Refer to exculpatory clause, exemption clause, and indemnity clause.

EXCLUSION OF WITNESSES

To keep witnesses from influencing other witnesses, witnesses are kept out of the courtroom unless giving testimony. Prevents witnesses from discussing testimony with other witnesses before giving testimony. Rule of evidence.

EXCLUSION RIDER

An attachment to a policy that eliminates coverage for certain hazards.

EXCLUSIONARY RULES

Proof and facts must be proven solely by legal, moral methods. Rules of evidence. t

EXCLUSIVE AGENCY AGREEMENT

Agreed-to, time-bound restriction for all involved parties to not make similar agreements with other, not included parties. Intent is to limit loss of capability and limit loss of intellectual capital while the

EXCLUSIVE AGREEMENT

Makes a person the sole agent providing specific goods and/or services to a particular area or market.

EXCLUSIVE ASSORTMENT

Restricting a particular line of goods or services to a particular market or area for promotional purposes. Typically done by a single manufacturer to specific retailers or marketers/ merchandisers.

EXCLUSIVE BARGAINING RIGHTS

Restriction on who can represent what where and to whom. Typically describes who is the sole representative of a union or an association for collective bargaining.

EXCLUSIVE DISTRIBUTION

Agreed-to restriction allowing a specific seller/marketer/distributor to represent a particular line of goods of services to a specific market or retail area. An example is an new line of clothing being marketed

EXCLUSIVE ECONOMIC ZONE

Area up to 200 miles (321.87 Km) offshore is the exclusive area of resource management by the government and country owning that coast. Free navigation is allowed by all countries beyond 12

EXCLUSIVE LICENSE

Certified allowance of a person or entity to conduct specified activities in a specified area or industry for a specified amount time, involving specified goods and/or services. Certified allowance of another person

EXCLUSIVE LISTING

Formally agreed-to restriction allowing a real estate agent to be the sole marketer of a property, typically for a 3-month period. The property owner can sell to anyone the owner finds and

EXCLUSIVE PROVIDER ORGANIZATION

A primary care doctor having a preferred providers group or organization for referring patients instead choosing off a list of preferred providers.

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

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