a choice to accept a benefit from a will and relinquish your claim or to retain he claim and to reject the benefit.
E | Page 9
E
ELECTIVE
Dependent upon choice; bestowed or passing by election. Also pertainingor relating to elections; conferring the right or power to vote at elections.
ELECTIVE BENEFITS
Chosen coverage or payments as a part of insurance or employment. Choice can also be for how the benefits are applied when use of the benefit occurs. Payments can be […]
ELECTIVE DEFERRAL PLAN
Choices collective in a plan allowing the benefit to be deferred to a later data. Example is policyholders deferring payments into a retirement plan.
ELECTIVE FRANCHISE
The right of voting at public elections; the privilege of qualified voters to cast their ballots for the candidates they favor at elections authorized by law.Parks v. State, 100 Ala. […]
ELECTIVE OFFICE
One which is to be tilled by popular election. Rev. Laws Mass. 1902, p. 104, c. 11,
ELECTIVE RESOLUTION
Special resolution having 100% agreement by the stockholders or shareholders of a firm. Called for at annual general meetings (AGM).
ELECTIVE SHARE
In place of their inheritance the surviving spouse can claim a part of an estate. Also called statutory share, widow’s share, forced share.
ELECTOR
A duly qualified voter ; one who has a vote in the choice of any officer; aconstituent. Appeal of Cusick, 130 Pa. 459. 20 Atl. 574, 10 L. R. A. […]
ELECTORAL
Pertaining to electors or elections; composed or consisting of electors.
ELECTORAL COLLEGE
The body of princes formerly entitled to elect the emperor of Germany.Also a name sometimes given, in the United States , to the body of electorschosen by the people to […]
ELECTORS OF PRESIDENT
Persons chosen by the people at a so-called “presidential election,” to elect a president and vice-president of the United States .
ELECTRIC
1.Energy generated by a pattern of oscillation of electrons and protons. A type of energy. A source of power used to provide light, heat, or energy for devices such as […]
ELECTRIC ARC FURNACE
A type of furnace that uses graphite electrodes to melt scrap iron and steel that is often mixed with DRI pellets. Furnace can be AC or DC powered. See also […]
ELECTRIC FURNACE STEEL
Categorized as high grade steel, typically fired in an electric arc furnace .
ELECTRIC HORSEPOWER
A measurement of a unit of power. It is equal to 746 watts, where a watt is joules per second or 550.22 foot-pounds per second (fps). It measures to be […]
ELECTRIC UTILITY
A company that is categorized as a commercial entity. This entity generates, transmits, and distributed electric energy. Its distribution is it sale to general public and/or industrial consumers. The company […]
ELECTRICAL OR ELECTRICAL APPARATUS EXEMPTION CLAUSE
A clause stating that only fire caused by electrical current and causing damage to appliances is covered.
ELECTRICITY
Caused by the movement of electrons in a conductor from positive and negative points. A type of energy. Used for providing power to buildings, electric devices, and even some automobiles. […]
ELECTRICITY SWAP
An OVERTHECOUNTER SWAP involving the exchange of fixed and floating electricity prices based on the average level of a recognized electricity pool or pricing index; transactions are often settled monthly […]
ELECTROCARDIOGRAM
a device that is used to record the electric currents of the various chambers of the heart. Also called an ECG one EKG.
ELECTROCUTE
To put to death by passing through the body a current of electricityof high power. This term, descriptive of the method of inflicting the death penalty onconvicted criminals in some […]
ELECTROENCEPHALOGRAM
the trace of the recording of the electrical impulses from the chambers of the heart.
ELECTROLYTE
1. In Industry, it is a non-metallic liquid or solid substance that separates, or disassociates, into ions. It is used to transmit electric current through positively and negatively charged ions. […]
ELECTROMAGNETIC COMPATIBILITY (EMC)
Condition where electronic equipment and systems to operate without causing or suffering unacceptable degradation in output or performance when in close proximity to electro- mechanical devices, .