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

EXTENSIBLE MARKUP LANGUAGE (XML)

A document description language that was started in 1998. It is regulated by the W3C. It allows different computer interact with eachother. It is a subset of ISO language. It gies tags

EXTENSION CLAUSE

A rule in a contract that lets the parties to continue it after the expiration date.

EXTENSION OF BENEFITS

A rule that lets employees not working extend their coverage after the policy ends. It lasts until they come back to work or are discharged from a hospital.

EXTENSION PRICING

Pricing using a standard price for a locatin that lets customers take on charges by raising the price.

EXTENSION RISK

The loss of growing interest rates that slows the rate of principal payments on loans.

EXTERNAL AGENTS

A party that interacts with an organization and influence performance but do not control things directly.

EXTERNAL ATTRIBUTION

The way people behave based on their perceptions and reactions. It compares how different people react to the same situation.

EXTERNAL CLAIM

The way a creditor makes a claim on a business should the business not be able to pay. They are safe from claims if it happens by an outside partner. It is

EXTERNAL CONTROL

Measures that affect the company operations that are imposed by the government or another organization. It is a rule that affects the company and involves taxes as well.

EXTERNAL DEBT

The money borrowed by a foreign country. It must be paid in the currency the loan was made in. An export must happen sometimes to get that currency.

EXTERNAL DEPENDENCE

Relying on an outside party that limits freedom of choice in the operation and strategy.

EXTERNAL ENVIRONMENT

Parties and factors that surround an organization but influence it and the risks. AKA operating environment.

EXTERNAL EQUITY

The way an employee percieves their condtions and the rewards of working at the firm compared to other firms.

EXTERNAL FAILURE COSTS

The cost that is incurred due to defects. The product may be shipped wrong or not be of the quality needed.

EXTERNAL FINANCING

Money from outside investors and lenders not from the firm’s internal reserves.

EXTERNAL INCOME

1. income from activities that occur outside the company. 2. refer to remittance.

EXTERNAL REPORT

A report that has the company information in it. It is meant for the public to get the data needed to make decisions.

EXTERNAL SOURCING

Buying goods from third parties at the lowest cost for operations. It considers the skills, capability, and financing.

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