Category: E

  • Exempt

    In labor relations, employees whose rate of pay or position in the organization exempts them from the provisions of the Fair Labor Standards Act. Free from oversight or supervision by any regulation or authority.  

  • Executory contract

    In law, an incompletely performed contract. A contract to be completed sometime in the future.  

  • Executor

    In law, a person or institution authorized by the maker of a will to manage and distribute the property of a person who has died in accordance with the provisions of the will.  

  • Executive session

    In politics, a session excluding from the chamber all persons other than members and essential staff personnel. A mark-up which is closed to the general public, being open only to the committee members, their staff and others specifically invited. Sometimes used synonymously with mark-up, especially in the House of Representatives where mark-ups are now rarely…

  • Executive MBA

    A master’s degree in business programs exclusively for executives who attend classes off-hours, such as on weekends, and progress through a program as part of an integrated group.  

  • Executive committee action

    The formal recommendation of a standing committee on any proposal referred to such committee for consideration.  

  • Executive

    A person having the authority to make policy decisions in an organization. An individual who is a high-level manager, and who has authority to make significant decisions. Similar authority is implied by use of the terms employed for corporate officers, such as “president” and “vice-president.” The trend is to use these terms in health care…

  • Executed contract

    A completed contract as opposed to one which is executory.  

  • Excretory system

    The urinary system. Group of organs including the kidneys, liver, skin, large intestine, and lungs, that are responsible for purifying the body by eliminating waste matter.  

  • Excrete

    To eliminate. To discharge, as waste matter. To pass waste matter out of the body, especially to discharge faeces. To move substances produced within endogenous tissues and organs out of the body. To expel or eliminate waste material from the body, blood, or organs.