The Emerging Issues Task Force (EITF) was founded in 1984 by the Financial Accounting Standards Board (FASB) to identify and resolve emerging accounting issues promptly, fostering standard practices before divergent practices become prevalent.
An emerging market is a foreign economy that is developing in response to the spread of capitalism and has created its own stock market. Analogous to small growth companies, emerging markets have high potential as well as high risk.
Eminent domain is the government's inherent power to seize private property without the owner's consent, provided just compensation is paid.
A comprehensive exploration of the term 'emolument', encompassing income derived from office, rank, employment, or labor, inclusive of salary, fees, and other compensation.
An Employee is an individual who works for compensation, whether direct or indirect, for another in return for stipulated services. This entry provides an in-depth look at the role, rights, and distinctions of employees in various contexts.
Detailed overview of the Employee Achievement Award, highlighting its types, significance, criteria, and implications for length of service, productivity, or safety achievements.
A comprehensive overview of Employee Assistance Programs (EAP), including their purpose, components, types, historical context, and benefits.
A comprehensive guide to understanding Employee Associations, their roles, differences from labor unions, and notable examples like the NEA.
A detailed look at employee benefits, their types, importance, and related trends. Explore how these benefits work, their historical context, and their impact on both employers and employees.
An in-depth look at Employee Contributions, their significance, calculation methods, types, and implications in contributory employee benefit plans.
Employee Leasing Company, also known as Professional Employer Organization (PEO), offers comprehensive HR solutions including payroll, benefits, and compliance.
Employee Profit Sharing is an employee benefit plan that allows employees to share in the profits of a company. This plan enhances motivation and aligns the interests of employees with those of the company.
The Employee Retirement Income Security Act (ERISA) of 1974 established guidelines for managing private pension funds, eased pension eligibility rules, and created the Pension Benefit Guaranty Corporation (PBGC) to protect beneficiaries.
Employee Stock Options are opportunities for employees to purchase stock in the company they work for, often at a discount from market value. Explore the two main tax categories: statutory (incentive stock options) and nonstatutory.
An Employee Stock Ownership Plan (ESOP) is a program encouraging employees to purchase stock in their company, allowing them to participate in management and gain ownership. Companies can benefit from tax deductions for ESOP dividends and stock acquisition loan repayments.
An employer is someone who hires and pays wages, providing livelihood to individuals who perform work. This relationship confers authority on the employer, who can control and direct work, engage or discharge employees, and furnish working supplies. Employers are also responsible for the collection and remission of federal income and Social Security taxes.
Detailed information on Employer Identification Number (EIN), a Taxpayer Identification Number (TIN) for entities other than individuals, such as partnerships, corporations, estates, and trusts.
A comprehensive guide to understanding Employer Interference as defined under Section 8(a) of the National Labor Relations Act.
A detailed guide on employer retirement plans, types, rules, and important considerations for Individual Retirement Account (IRA) deductions.
Understanding the Employer's Contingent Lien Against Assets Liability relating to the Pension Benefit Guaranty Corporation's claim upon pension plan termination.
Understanding Employer's Liability Acts, their historical context, and their distinction from Workers' Compensation laws. Learn about employer duties, negligence, and the legal implications of these statutes.
An in-depth exploration of Employers Liability Coverage, a crucial insurance protection for employers against claims not covered by Workers' Compensation.
An employment agency is a public or private organization providing employment services for job seekers and employers. Public agencies and private agencies both play critical roles in the employment process.
An exploration of 'Employment at Will,' its principles, historical context, implications, and related legal considerations.
An in-depth analysis of the formal agreement that defines the relationship, roles, and responsibilities between an employer and an employee, ensuring compliance with Affirmation Action laws and prohibiting discrimination.
The Employment Cost Index (ECI), issued quarterly by the U.S. Department of Labor, monitors changes in employer payroll costs, including salaries, wages, benefits, and bonuses. It serves as a key indicator for inflation trends.
A comprehensive guide to Employment Tax, including FICA Taxes, Self-Employment Tax, and Social Security Taxes.
Detailed Overview of Employment Tests Used by Businesses in the Employee Selection Process
An in-depth exploration of the term 'Emporium,' tracing its evolution from ancient marketplaces to contemporary large stores with diverse merchandise.
Empowerment is a form of participative management where employees share management responsibilities including decision making and establishing work goals. This fosters self-directed work teams.
A comprehensive exploration of the term 'Empty Nesters,' its implications on housing markets, demographics, and lifestyle adjustments.
A detailed overview of the Enabling Clause in legislative contexts, its importance, and applications.
Encoding involves transforming a message into a specific code to ensure confidentiality and data integrity.
Encroach refers to the act of gradually intruding upon the rights or property of another, typically leading to an infringement on their property or authority.
Encroachment refers to a building, part of a building, or obstruction that physically intrudes upon, overlaps, or trespasses upon the property of another; verified by a survey.
A comprehensive examination of encumbrances - rights or interests in real property that do not prohibit the transfer of title but diminish property value.
Understanding the End of Month: An essential financial and accounting period that includes significant activities such as the due date for receivables and closing inventory dates.
The end user refers to the person who will ultimately use a product, as opposed to its developers or marketers. This term is crucial across various industries including technology, software development, and consumer goods.
Understanding End-of-Year (EOY) in financial reporting, taxation, and other contexts.
Endowment is a permanent fund of property or money bestowed upon an institution or person, with the income used to serve a specific intended purpose.
An endowment contract is an insurance policy that includes both life expectancy elements and provisions for a single payment during the life of the insured.
Energy management involves strategies and practices to optimize energy usage for cost-effectiveness and efficiency, as prompted by significant events such as the oil embargo in the 1970s.
Engel's Law, observed by 19th-century economist Ernst Engel, states that as family income rises, the proportion of income spent on food declines. This economic principle highlights the relationship between income levels and spending habits on necessities.
Exploring engineered capacity, including its definition, significance, applications, and related concepts.
Exploring the concept of 'Enjoin,' a term used to command or instruct with authority, often in legal contexts. See also 'Injunction.'
An Enrolled Actuary is a professional recognized by the IRS, whose signature is essential for IRS Form 5500 to confirm the tax compliance of a pension plan.
An Enrolled Agent (EA) is a tax professional who can represent taxpayers before the IRS. EAs must pass a rigorous examination or possess significant IRS service experience.
A comprehensive guide to the enrollment period, the window immediately following employment that allows individuals to sign up for insurance coverage.
Understanding the concept of an enterprise as a business firm, often applied to newly formed ventures.
Enterprise Application Integration (EAI) advances the compatibility of systems that were initially designed to work independently by connecting and optimizing different software programs within an organization.
Enterprise Resource Planning (ERP) is a software system designed to assist in the management of an enterprise, encompassing product planning, parts purchasing, inventory maintenance, supplier interaction, customer service, and order tracking. Integrated with a central database, ERP systems streamline processes across an organization.
An in-depth analysis of the deductibility of entertainment expenses and business meals under current tax law, including conditions, limitations, examples, and frequently asked questions.
Entitlement programs are government initiatives that guarantee specific payments to individuals who meet established eligibility criteria.
Understanding the different legal forms of ownership, including Corporation, S Corporation, Sole Proprietorship, Joint Venture, Limited Partnership, Partnership, Tenancy in Common, Joint Tenancy, Limited-Liability Corporation, Limited-Liability Partnership, and Real Estate Investment Trust (REIT), and the benefits and risks associated with each.
An entrepreneur is an individual who initiates and operates a business, often assuming the financial risks in the hope of profit.
Entrepreneurial profit represents the earnings that compensate a skilled businessperson for their expertise and successful efforts, typically exceeding the normal profit expected from competent management.
An Entry-Level Job is a position for individuals with little or no experience, providing an opportunity to start a career within an organization.
Environmental Assessment (EA) is a crucial process in evaluating the unique environmental attributes of a piece of land, taking into account factors such as endangered species, existing hazardous waste, and historical significance. The findings of an EA determine the necessity of an Environmental Impact Statement (EIS).
An in-depth exploration of the Environmental Impact Statement (EIS), its significance, components, and applications in assessing the effects of development projects on the environment.
The Environmental Protection Agency (EPA) is a federal agency tasked with various responsibilities to ensure the protection and improvement of the natural environment, including research, monitoring, standard-setting, and regulation of hazardous materials.
A detailed analysis of the necessity, process, and implications of Environmental Site Assessments, including various types, methodologies, historical context, and practical applications in modern real estate and development projects.
EOM Dating is a billing arrangement whereby all purchases made through the 25th of a given month are payable within 30 days of the end of the following month.
Equal and Uniform Taxation is the principle that all persons of the same class must be treated equally, applying the same rate and value to property being taxed. It ensures fairness and equity in taxation.
An in-depth look at the Equal Credit Opportunity Act, federal legislation aiming to prohibit discrimination in credit transactions based on personal characteristics and financial status.
The Equal Employment Opportunity Commission (EEOC) is a federal agency in the United States tasked with enforcing laws against workplace discrimination based on race, color, religion, sex, national origin, age, disability, or genetic information. This comprehensive entry covers its roles, responsibilities, history, and impact on employment practices.
An Equal Opportunity Employer is one that adheres to affirmative action legislation and promotes nondiscrimination in employment opportunities.
The essential purpose of the constitutional doctrine of Equal Protection of the Laws, embodied in the Fourteenth Amendment to the U.S. Constitution, is to ensure that the laws and the government treat all persons alike, unless there is some substantial reason why certain persons or classes of persons should be treated differently.
The Equal Rights Amendment (ERA) aims to eliminate sex-based discrimination in laws. Though not ratified, its principles shape many statutes and court decisions.
An Equalization Board is a government agency responsible for ensuring the fair assessment and levy of property taxes within a state or jurisdiction.
The price at which the quantity of goods that producers wish to supply matches the quantity demanders want to purchase, optimizing market efficiency and maximizing profitability for manufacturers.
The volume of a good that will be produced and sold when the market for the good is in equilibrium.
Equipment refers to machines or major tools required to execute a specific task. They are essential components in various fields, including mechanics, construction, and technology. These items need to be capitalized and depreciated over their appropriate depreciable life.
Equipment leasing entails acquiring equipment and leasing it to businesses, generating income and offering tax benefits.
An Equipment Trust Bond is a type of secured bond issued primarily by transportation companies to finance the purchase of new equipment, with bondholders having a claim to the equipment in case of default.
An exploration of the concept of equitable, marked by due consideration for fairness and impartiality, unhampered by technical legal rules.
Comprehensive overview of equitable distribution, focusing on the fair division of property among interested persons, its historical context, applications, and related concepts.
An in-depth look at the concept of equitable ownership, focusing on the beneficiary of property held in trust.
An examination of the interest held by one who has agreed to purchase but has not yet closed the transaction, known as equitable title.
Equity buildup refers to the gradual increase in an owner's equity in mortgaged property caused by the amortization of loan principal.
Equity Financing involves raising money by selling part of the ownership, such as stock in a corporation, in contrast with debt financing.
An in-depth look at the concept of an equity kicker, a term used in finance to signify a form of compensation provided to lenders, which offers them potential upside in the form of equity in a company.
The right of a mortgagor to save their property from foreclosure by paying all debts, costs, and interest after a default.
An Equity Real Estate Investment Trust (REIT) is a type of REIT that holds ownership in real estate properties, generating income from rents and capital appreciation.
The Equity Yield Rate is the rate of return on the equity portion of an investment, considering periodic cash flow and resale proceeds. This metric takes into account the timing and amounts of cash flow after annual debt service, but does not include income taxes.
An analysis of the Equivalent Taxable Yield, comparing the taxable yield on a corporate bond and the tax-free yield on a municipal bond, with a focus on implications for investors in different tax brackets.
An in-depth study of ergonomics, focusing on how people interact with their work environments, with special attention to the ergonomic design of computer workstations.
A comprehensive act that establishes minimum standards for pension and health plans in private industry to provide protection for individuals in these plans.
Erosion refers to the gradual wearing away of land through natural processes such as by streams and wind. It also indicates a gradual decline in business contexts, such as sales erosion and market-share erosion.
Comprehensive definition of 'Error' covering its implications in daily life, law, computing, and statistics.
Coverage for negligent acts and/or omissions resulting in bodily injury, personal injury, and/or property damage liability to a client.
Elucidating the concept of Escalation, its various types, implementations, and implications, with a particular focus on Escalator Clauses in contracts.
An escalator clause is a provision in a contract that allows for the adjustment of costs in response to specific economic conditions. Common in employment and lease agreements, these clauses ensure that wages and payments remain equitable in volatile markets.
An escape clause is a provision in a contract that allows one or more parties to cancel all or part of the contract if certain events or situations do or do not occur.
Escheat refers to the reversion of property to the state in the event that the owner dies without leaving a will and has no legal heirs.
A detailed exploration of escrow, a mechanism that involves a written instrument, such as a deed, being temporarily deposited with a neutral third party until the conditions of a contract are met. This article covers types, historical context, examples, and applicability in various sectors.
An in-depth exploration of escrow accounts, their roles in real estate, and applications for holding funds securely until they are needed.
An escrow agent is a neutral third party responsible for holding funds or assets until certain conditions are met, commonly used in real estate transactions.
Detailed explanation of Escrow Closing, particularly in states where deeds of trust are used instead of mortgages, encompassing examples, historical context, and related terms.
Espionage refers to the act of spying on activities to gather confidential information, often involving both governmental and corporate sectors.
The designation Esquire (Esq.) is a professional title used for lawyers in place of a preceding honorific, such as 'Mr.' or 'Ms.'. It signifies a person's status and role within the legal profession.
