Dictionary of Procurement Terms

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Search Results: 31-40 of 122 results for “E”

  • Electronic Data Interchange (EDI)

    The electronic transfer and exchange of business documents, such as bid requests, quotations, purchase orders, invoices, and payments, from one computer directly to another computer, using established technical standards.

  • Electronic Funds Transfer (EFT)

    The direct payment to contractors and businesses through electronic transfer of funds between financial institutions. Payment by paper check is eliminated. (Business, 2002)

  • Electronic Procurement


    See Also: eProcurement (Electronic Procurement)

  • Electronic Signatures in Global and National Commerce Act (E-Sign)

    Signed on June 30, 2000, by President Bill Clinton, an act that made contracts sealed by a computer as binding as those signed in pen and ink. Online contracts have the same legal force as equivalent paper contracts.

  • Electronic Sourcing (eSourcing)


    See Also: Electronic Commerce (eCommerce)

  • Embargo

    A prohibition on exports or imports. May create supply shortages of certain commodities that are available from global sources. (Schiller, 2000)

  • Emergency Purchase

    A purchase made due to an unexpected and urgent request where health and safety or the conservation of public resources is at risk. Usually formal competitive bidding procedures are waived.

  • Employee Stock Ownership Plan (ESOP)

    An individual stock bonus plan designed specifically to invest in the stock of the employer company. (Business, 2002)

  • Employer Identification Number (EIN)

    The number assigned to a business unit or individual for purposes of withholding tax; used by many purchasing entities as a supplier identification number. In governments entities referred to as FEIN (9-digit Federal Employer Identification Number).

  • Employment Equity Act

    CANADA In Canada, the purpose of the Employment Equity Act (S.C. 1995, c. 44) is to achieve equality in the workplace so that no person shall be denied employment opportunities or benefits for reasons unrelated to ability and, in the fulfillment of that goal, to correct the conditions of disadvantage in employment experienced by women, aboriginal peoples, persons with disabilities and members of visible minorities by giving effect to the principle that employment equity means more than treating persons in the same way, but also requires special measures and the accommodation of differences.