EA glossary terms

Browse full definitions for every EA term in the Amicus glossary.

E-Arbitration

/ˌiːˌɑːrˌbɪˈtreɪʃən/

Definitions

  1. (n.) A method of resolving disputes through arbitration procedures conducted primarily or entirely by electronic means.
    The parties agreed to submit their contract dispute to e-arbitration to expedite the resolution process.

Forms

  • e-arbitration

Commentary

E-arbitration emphasizes the use of digital tools and platforms, which can affect procedural rules and evidence submission; therefore, specific provisions should address confidentiality and technological reliability.


Earl

/ˈɜːrl/

Definitions

  1. (n.) A nobleman of high rank in British peerage, traditionally ranking above a viscount and below a marquess, holding hereditary rights and privileges.
    The Earl attended the House of Lords to discuss legislation.

Forms

  • earls

Commentary

The title "Earl" is unique to British peerage and often appears in legal and historical contexts related to inheritance and parliamentary rights.


Earldom

/ˈɜːrldəm/

Definitions

  1. (n.) The rank, dignity, or territorial jurisdiction of an earl.
    He was granted an earldom by the monarch as a symbol of noble status.
  2. (n.) The title or estate held by an earl within the peerage system.
    The earldom passed to his eldest son upon his death.

Commentary

Earldom denotes both the rank and the territorial or titular holding associated with an earl; often relevant in inheritance and noble title law.


Earlier

/ˈɜːrliər/

Definitions

  1. (adj.) Occurring before the usual or specified time in a legal context, often affecting rights or obligations.
    The earlier will takes precedence if it was validly executed.
  2. (adv.) At a time prior to a referenced event or date in legal proceedings or transactions.
    The party filed the claim earlier than the statute of limitations allowed.

Commentary

Use 'earlier' to establish temporal priority in legal documents; clarify the exact event or time for precision.


Earliest

/ˈɜːrliɪst/

Definitions

  1. (adj.) Denoting the first or soonest in time, often relating to dates or events relevant to legal rights or claims.
    The earliest filing date determines the priority of the patent application.

Commentary

Used frequently in legal contexts to establish precedence or temporal priority among competing claims or events.


Early

/ˈɜːrli/

Definitions

  1. (adj.) Occurring or done before the usual or expected time in legal processes.
    The plaintiff filed an early motion to dismiss before the trial began.
  2. (adv.) Before the usual or scheduled time in the context of legal deadlines or actions.
    The defendant submitted the documents early to comply with court requirements.

Commentary

Used to denote actions or events in legal contexts that happen ahead of a scheduled or normative time; often important in assessing procedural compliance or rights preservation.


Early Admission

/ˈɜrli ədˈmɪʃən/

Definitions

  1. (n.) A process by which a student applies to and is admitted by an educational institution earlier than the regular admission timeline, often with binding or non-binding conditions.
    She secured her place through early admission before the regular application deadline.

Forms

  • early admission

Commentary

Early admission may be binding, requiring the applicant to attend if accepted, or non-binding, allowing the applicant to consider later offers.


Early Intervention Services

/ˈɜːrli ˌɪntərˈvɛnʃən ˈsɜːrvɪsɪz/

Definitions

  1. (n.) Specialized support and therapy services provided promptly to infants and young children with developmental delays or disabilities, often mandated by law to enhance developmental outcomes.
    The school district is responsible for providing early intervention services to eligible toddlers under the Individuals with Disabilities Education Act.

Forms

  • early intervention services
  • early intervention service

Commentary

Early intervention services are crucial in legal contexts involving disability rights and educational entitlements, often triggering procedural safeguards and eligibility determinations under federal statutes.


Early Payment

/ˈɜːrli ˈpeɪmənt/

Definitions

  1. (n.) Payment made before its due date under a contractual obligation.
    The buyer offered an early payment to secure a discount.
  2. (n.) A payment made in advance to mitigate interest or penalties in financial agreements.
    Early payment reduced the total interest payable on the loan.

Forms

  • early payments

Commentary

In drafting, specify if early payment triggers discounts, penalties, or affects accrued interest to avoid ambiguity.


Early Repayment

/ˈɜːrli rɪˈpeɪmənt/

Definitions

  1. (n.) The repayment of a loan or debt before its scheduled due date.
    The borrower made an early repayment to reduce interest costs.
  2. (n.) A payment made before the due date usually involving penalties or fees specified in the loan agreement.
    The early repayment triggered a prepayment penalty under the contract.

Commentary

In drafting, specify whether early repayment is permitted and any applicable penalties or conditions to avoid disputes.


Early Termination

/ˈɜːrli tɜːrmɪˈneɪʃən/

Definitions

  1. (n.) The premature ending of a contract, agreement, or legal proceeding before its originally stipulated time.
    The parties agreed to early termination of the lease to avoid further obligations.
  2. (n.) In finance, the act of ending a financial contract, such as a loan or swap, before its scheduled maturity date.
    The early termination of the interest rate swap triggered significant penalties.

Forms

  • early termination

Commentary

Early termination clauses are often carefully drafted to address consequences and fees, ensuring clarity on obligations triggered by ending an agreement prematurely.


Early Termination Fee

/ˈɜrli ˌtɜrməˈneɪʃən fiː/

Definitions

  1. (n.) A fee imposed for ending a contractual agreement before its designated termination date.
    The customer was required to pay an early termination fee for canceling the lease prematurely.

Forms

  • early termination fee
  • early termination fees

Commentary

Early termination fees are often negotiated in contracts to compensate the non-breaching party for losses due to premature contract cessation.


Early Voting

/ˈɜrli ˈvoʊtɪŋ/

Definitions

  1. (n.) The process by which eligible voters cast their ballots before the scheduled election day to facilitate accessibility and reduce congestion at polling places.
    Early voting has increased voter participation by allowing individuals to vote at their convenience prior to Election Day.

Forms

  • early voting

Commentary

Early voting provisions vary by jurisdiction and may be subject to specific timeframes and locations; precise statutory language is critical to delineate eligibility and procedural safeguards.


Early Withdrawal Penalty

/ˈɜrli wɪðˌdrɔːəl ˈpɛnəlti/

Definitions

  1. (n.) A financial penalty imposed for withdrawing funds prematurely from a fixed-term investment or retirement account.
    He incurred an early withdrawal penalty when he took money out of his 401(k) before retirement age.

Forms

  • early withdrawal penalty
  • early withdrawal penalties

Commentary

Typically applies to retirement and fixed-term accounts; drafting should specify conditions triggering the penalty to avoid ambiguity.


Earmarked Funds

/ˈɪərˌmɑrkt fʌndz/

Definitions

  1. (n.) Funds reserved by law or agreement for a specific purpose or project, not to be used for other expenditures.
    The government allocated earmarked funds exclusively for educational infrastructure development.

Forms

  • earmarked funds
  • earmarked fund

Commentary

Earmarked funds are commonly used in public finance and nonprofit sectors to ensure compliance with donor or statutory restrictions.


Earned Premium

/ˈɜrnd ˈprɛm.i.əm/

Definitions

  1. (n.) The portion of an insurance premium that corresponds to the expired portion of the policy period and is considered earned by the insurer.
    The insurer recognized the earned premium as revenue over the policy term.

Forms

  • earned premium
  • earned premiums

Commentary

Earned premium is critical in insurance accounting to distinguish revenue recognition from cash received; precise calculation affects loss ratio and financial reporting.


Earned Revenue

/ˈɜrnd ˈrɛvəˌnu/

Definitions

  1. (n.) Income that a company has earned from its business activities, typically from the sale of goods or services, recognized when it is realizable and earned regardless of cash receipt.
    The accountant recorded the earned revenue for the quarter even though some payments were still outstanding.

Forms

  • earned revenue
  • earned revenues

Commentary

In legal and accounting contexts, earned revenue is distinguished from unearned revenue as it reflects completed obligations, a key factor in contract and financial reporting disputes.


Earnest

/ˈɜːrnɪst/

Definitions

  1. (n.) A deposit or pledge given to demonstrate serious intent in a contract.
    The buyer provided earnest money to secure the property purchase.
  2. (adj.) Showing sincere and intense conviction or seriousness, especially in legal demands or statements.
    The plaintiff made an earnest appeal to the court for justice.

Forms

  • earnests

Commentary

In contract law, earnest money serves as a partial payment assuring commitment; drafting should clarify conditions for forfeiture or return.


Earnestly

/ˈɜrnɪstli/

Definitions

  1. (adv.) In a serious and sincere manner, showing genuine intent or conviction.
    The witness spoke earnestly during the testimony, emphasizing the importance of honesty.

Commentary

Used to convey sincerity or seriousness, often significant in assessing intent or credibility in legal contexts.


Earnestness

/ˈɜːrnɪstnəs/

Definitions

  1. (n.) The quality of being sincere, serious, and determined in legal conduct or representations.
    The attorney's earnestness in presenting the case convinced the jury of her client's sincerity.

Commentary

Earnestness often underpins the concept of good faith in legal dealings, reflecting the parties' sincere intent without deception.


Earnings

/ˈɜrnɪŋz/

Definitions

  1. (n.) Monetary compensation or profit derived from employment, business operations, or investments.
    The employee reported his earnings on the tax return.
  2. (n.) Income earned by a company during a specific period, often used in financial statements to assess profitability.
    The corporation's earnings exceeded analysts' expectations this quarter.

Commentary

In legal contexts, 'earnings' typically refer to net compensation or profits subject to taxation or contractual allocation; clarity in specifying the source (employment, business, or investments) aids precision.


Earnings Disregard

/ˈɜrnɪŋz dɪsˈrɪɡɑrd/

Definitions

  1. (n.) A specified amount of income that is excluded from consideration in means-tested benefit calculations.
    The claimant's earnings disregard allowed them to retain some benefits despite earning an income.

Forms

  • earnings disregard

Commentary

Earnings disregard is crucial in welfare law to balance income generation with benefit eligibility, ensuring incentives to work are protected.


Earnings Projection

/ˈɜrnɪŋz prəˈdʒɛkʃən/

Definitions

  1. (n.) A forecast of a company's future profits based on current financial data and assumptions, used in legal contexts such as securities regulation and contract negotiations.
    The earnings projection was submitted to the SEC during the IPO process.

Forms

  • earnings projection
  • earnings projections

Commentary

Earnings projections are critical in legal settings involving financial disclosures and contract terms, requiring precise backing to avoid claims of misrepresentation.


Earnings Statement

/ˈɜrnɪŋz ˈsteɪtmənt/

Definitions

  1. (n.) A financial document provided by an employer detailing an employee's earnings over a specific period, often used to verify income for legal or financial purposes.
    The court requested the employee's earnings statement to assess his ability to pay damages.

Forms

  • earnings statement
  • earnings statements

Commentary

An earnings statement is distinct from a pay stub in some jurisdictions; precise drafting should clarify the document's timeframe and purpose.


Earnout

/ˈɜrnˌaʊt/

Definitions

  1. (n.) A provision in a contract that defers part of the purchase price, contingent on the future performance of the acquired business.
    The buyer and seller agreed on an earnout to bridge valuation gaps based on future revenue.

Forms

  • earnout

Commentary

Earnouts are commonly used in mergers and acquisitions to align incentives and mitigate valuation disagreements by linking payment to future performance.


Easement

/ˈiːzmənt/

Definitions

  1. (n.) A nonpossessory right to use or enter onto the real property of another without owning it.
    The homeowner has an easement to cross the neighbor's land to reach the road.
  2. (n.) A right granted to a utility company to run pipes or wires across private property.
    The power company holds an easement to maintain electrical lines on the property.

Forms

  • easements

Commentary

When drafting easements, clarity on scope, duration, and transferability is critical to avoid future disputes.

Glossary – EA Terms