Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

Category: Finance

PURE RATE OF INTEREST

An economic concept of the rate of theorertical interest That rises in a market of loanable funds. In this situation a perfect rate of competition and certainty applies. That is, there is

PUT WARRANT

Issued by a company that says it will buy back stock at a set price and that price will not change in the future. The price will remain set for a period

QUALITATIVE FORECASTING TECHNIQUE

This is forecasting that uses factors that cannot be directly measured. The estimates are made with a systems of ratings to produce a figure. No verifiable data is used it is based

QUALITY LOOP

A quality spiral. It is representaion in visual terms of the steps that interact in the process of creating a quality product. The steps include the identification of a customers needs and

QUALITY SYSTEM

The complete list of activities including incentives, policies, plans, resources, organisation, that is reuired in order to implement a quality control system that will ensure an efficient and effective method of producing

QUANTITY SUPPLIED

The quantity of a product that is supplied to a person who is purchasing the products. The supplier will order a set quanitity of a product and the wholesaler will supply that

QUASI PARTNER

A strategic alliance or a joint venture that does not act like a partnership. This alliance will resemble a partnership but it is not a partnership.

QUIET ENJOYMENT

The term quiet here does not mean that there is no noise. Here it means that there is no outside interference with an activity. An activity is enjoyed without the interference of

RACK RENT

In the US it is applied to a rent that is excessively high. In the UK it applies to an amount that is not less than 2/3s of the rent a premises

RALLY

This term is used to describe the increase in a commodity. This increase will occur after a fall or decline in the value of a product. Often a term that is heard

PREPAID RENT

The fee paid by a company for occupying and utilizing a property for its business operations.

PRERETIREMENT

In the event that an employee dies before officially retiring, the preretirement death benefit pension plan is designated to the deceased.

PREVAILING WAGE

The wages, both trade and public work, that workers in a particular area are paid. It is expressed in hourly wages and is inclusive of overtime wages and benefits.

PRIVATE DEBT

The individuals responsibilites for mortgages and other similar liabilities.

PRIVATIZATION

As opposed to nationalization, privatization is the sale of enterprises owned by public companies to private companies.

PROBABLY

Greater than the normal probability of an event occuring.

PROCUREMENT REQUEST

A contract that states the goods or services that need to received. The basis for a procurement action is based on this. The procurement request package also includes the statement of work

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