encyclopedia

EXACT FARE

A transit operations policy that precludes the making of change for passengers. A passenger must therefore have the correct change for the fare or else overpay it. (TRB)

EXCEPTION REPORTS

Reports generated by a program which identifies transactions or data which appear to be incorrect. These items may be outside a predetermined range, or may not conform to specified criteria.

EXCESS TIME

Time delay associated with travel to or between major transit routes, for example, time spent walking, waiting or transferring. (TRB)

EXCLUSIVE CARPOOL LANE

A highway or street lane reserved for carpools and vanpools. (TRB)

EXCLUSIVE RIGHT-OF-WAY

A highway or other facility that can only be used by buses or other transit vehicles.

EXCLUSIVE TRANSIT LANE (RESERVED TRANSIT LANE)

A highway or street lane reserved for buses, light rail vehicles, or both. (TRB)

EXCLUSIVE TRANSIT RIGHT-OF-WAY

A right-of-way that is fully grade separated or access controlled and is used exclusively by transit, transit ROW category A. (TRB)

EXECUTIVE MANAGEMENT

Includes the CEO, deputy CEOs, chief of staff, and executive officers.

EXECUTIVE ORDER 12372

A presidential directive that furnishes guidance to federal agencies for cooperation with state and local governments in the evaluation, review and coordination of federal assistance programs and projects.

EXPENDITURES

Decrease in net financial resources. Expenditures include current operating expenses which require the current use of net current assets.