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

EXECUTED TRUST

A trust whose setup is complete such that the trustor is no longer need by the beneficiaries to enforce the bounds of the trust. Known also as completely constituted trust or perfect

EXECUTION CAPACITY

The time-bound, measured amount of activity a person or machine or process can do. Measured against a best practice / best-in-class standard or benchmark.

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.

EXECUTIVE ASSISTANT

One who assists an executive. Can be secretarial, administrative, logistical, or a representative-designee replacement for the executive in approved, documented activities and decisions.

EXECUTIVE BRANCH

Operations and management arm of the Federal government. A primary branch in most democratic governments. Top executive in this branch is typically the Prime Minister, or President, as in the US. The

EXECUTIVE CHAMPION

Stakeholder-Advocate supporting certain activity, policy, process, view, etc. who is an executive in the organization.

EXECUTIVE COMMITTEE

Organizational cabinet of executives accountable for collective executive decisions and assignments. Titled roles are typically a chairperson, vice-chairperson, secretary, and treasurer. Accountable to the board of directors.

EXECUTIVE DIRECTOR

A title typically in nonprofits than a commercial company. Usually a full-time employee in the role of working director finance, marketing, or operations. Position often scoped to allow for making director-level decisions.

EXECUTIVE INFORMATION SYSTEM (EIS)

Infrastructure source of up-to-the-minute operational data, collected and screened from many databases. Financial information, work-in-process, inventory numbers, sales numbers, market trends, industry statistics, and market price of the firm’s shares are the

EXECUTIVE ORDER

Directive action from a prime minister or president to its executive governmental agencies in an official document .

EXECUTIVE POWER

Power to enforce executive orders as intended and given, authorized by law.

EXECUTIVE PRIVILEGE

Constitutional right to not disclose information, given to the government’s executive branch. Typically used to cover national defense and foreign policy. Protects sensitive information under the constitutional doctrine of separation of powers.

EXECUTIVE SEARCH

The actions of seeking to hire corporate officers, executives and other senior level management positions. Payment for the search is typically either by retainer or contingency. An industry has evolved around the

EXECUTIVE SUCCESSION PLAN

Business continuity plan section for smooth, pre-planned, transferal of authority under any condition. It identifies who succeeds the current position holder and is done for every position deemed critical for recovery from

EXECUTIVE SUMMARY

Brief, comprehensive summarized business plan or proposal, often for an investment or commitment. Key points, as bullets, are extracted from an external audience presentation.

EXECUTORY CONTRACT

Contractual obligation fulfillment actively being done. Some contractual expectations are yet to be done by one or more parties. An ongoing lease agreement is an example.

EXECUTORY COST

Executory contract servicing expenses. An example is paying excise tax on a leased car.

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