COMMERCE

Expense is a cost incurred by a company through its operations to earn revenue. The expenses can be fixed, like rent and insurance, or variable, like labor or raw materials for production. Fixed expenses generally are costs that remain constant.

Export Control Classification Number (ECCN) is an alphanumeric code used by the Bureau of Industry and Security (BIS) to determine whether goods set for export outside of the United States fall under the Export Administration Regulations (EAR). The ECCN helps both the BIS and companies determine whether exports need a license and to what extent the products can be exported at all.

Export licenses refer to the licenses required under the Export Administration Regulations (EAR) and other export laws for items under certain categories to be exported outside of the United States. This export system allows the U.S. government to monitor what technology and other critical goods are being exported and prevent breaches of national security interests. Other countries around the world have similar export license requirements.

Express terms are the specific provisions in a contract that are clearly stated, whether orally or in writing.

In agency law, express authority is an agent's power to act on behalf of a principal, expressly granted by the principal.

An express contract is an exchange of promises where terms by which the parties agree to be bound are declared either orally or in writing, or a combination of both, at the time it is made. 

• contract law
• contracts
• AGREEMENT

An express warranty is a warranty as to the condition, quality, or nature of a good or property intentionally and clearly stated to the other contracting party.

Extended warranty contracts are additional warranties bought for an item or service to add additional coverage for the purchased goods. The warranty usually extends the time of coverage, but an extended warranty may also be bought to expand coverage to other things not provided by the original warranty. Extended warranties can be bought for a variety of goods from vehicles to headphones, and they may be bought from the retailer or from third-party insurers.

Extension is a grant to increase the time originally specified in a written contract, a verbal agreement, or an obligation.

Extinguishment is the cancellation or destruction of a legal right, interest, or contract.