Business Law GLOSSARY
Glossary of Business Law Terms
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EIR: Popular acronym for environmental impact report,
required by many states as part of the application to a county or
city for approval of a land development or project. See also:
environmental impact report.
Emotional Distress: Mental anguish.
Employee Stock Ownership Plan: An employer-provided
benefit that allows employees to purchase stock in the company under
certain favorable terms.
Employee Assistance Program ("EAP"): A workplace program
provided by the employer to assist employees in recovering from drug
or alcohol abuse, emotional problems, job stress, marital discord,
or workplace conflict.
Entity: A general term for any institution, company,
corporation, partnership, government agency, university or any other
organization which is distinguished from individuals.
Environmental Impact Report: A study of all the factors
which a land development or construction project would have on the
environment in the area, including population, traffic, schools,
fire protection, endangered species,
Equal Employment Opportunity Commission: The federal
administrative agency that enforces laws prohibiting discrimination
Equal Pay Act: A federal law that requires employers to
pay the same to all employees who do the same work, regardless of
Equitable Remedies: Remedies that do not include monetary
settlements. Examples include injunctions and restraining orders.
Equity Financing: A method of financing where a company
issues shares of its stock and receives money.
Equity Interest: Another term for an ownership interest in
Evidence: The body of law concerning the manner of
presentation of information to a judge or jury in a trial.
Ex Officio: Latin for "from the office," to describe
someone who has a right because of an office held, such as being
allowed to sit on a committee simply because one is president of the
Exhibit: Any piece of physical evidence that is used at a
Expense: In business accounting and business taxation, any
current cost of operation, such as rent, utilities and payroll, as
distinguished from capital expenditure for long-term property and
Expert: A witness who may give an opinion in court based
on the particular competence of that witness.