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

Category: Finance

PROTOTYPE

This is a model of the final product that is able to do eveything that the finished product will do. Usually made to show prospective sponsors a product and all of its

PRUDENTIAL FINANCIAL

A company started in Newark, New Jersey in 1875. A financial services company with many subsidiaries that operates across the USA and in 30 other countries for its clients.

PUBLIC FILE

This file contains sets of documents that the general public are allowed to see. There is no restriction on who can look at these documents.

PUBLIC NOTICE

A notice providing information for the public that is widespread throughout all types of media. It will be in newspapers, on radio braodcasts and television broadcasts. It includes items such as Lottery

PUBLIC TRUST FUND

A fund of money whose principal and interest monies are available for the benefit of the public. It does not benefit a single individual or company.

PULL PROMOTIONAL STRATEGY

A way of advertising a product before it is made available to the public for sale. This will create a demand that otherwise might not exist. The item will be advertised in

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 TICKET

A ticket bought by the buyer at his/her current location, which allows him/her to make a travel from a different location. The issuance of a prepaid ticket advice (PTA) aids buyers to

PRICE BREAKDOWN

The total cost incurred for a good or services that is broken down into its separate elements such as labor, shipping, etc. The situation in which an estimate is required to determine

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