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

EXCULPATE

Removing blame or accusation from a person. Typically for a non-criminal act, like a traffic accident. There is nothing illegal or immoral or criminal in this action. Contrast and refer to acquit

EXCULPATORY CLAUSE

An agreed-to condition (1) preventing blame or liability on one party due to the improper behavior of the other party; (2) preventing liability on one party due to not meeting all of

EXCURSION

A planned trip, ending where it starts, time-bound, following a specified route.

EXCURSION FARE

Cost of enjoying an excursion. Often discounted, with some restrictions, like limited services or meals.

EXCURSION LIMIT

Specified, time-bound (typically 30 minutes), restricted exposure allowed to something unhealthy, even deadly. Meaningful especially in health and safety regulations.

EXCURSIONIST

One who enjoys an excursion. In the Travel industry, it names a person staying in a country less than 24 hours.

EX-DATE

The point in time after which the share buyer has no rights to dividends in this cycle. Prior and on this date dividend rights exist. This date is typically set as two

EX-DIVIDEND

(1) A share of COMMON STOCK without any rights to the current period DIVIDEND. (2) The time period between the announcement and payment of dividends.

EX-DIVIDEND DATE

Equals a stock’s ex-dividend period’s first day. On and after this date until dividend payout date, a buyer of these shares will not earn the dividend yield. Known also as the reinvestment

EXECUTED CONSIDERATION

The payoff, regardless of how or what, on a completed promise. Refer to executory consideration.

EXECUTED CONTRACT

1. Completed signing by all parties of a contract. 2. Completed all listed contractual actions.

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.

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