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

Category: Finance

PROTECTIONISM

This is carried out by a country in order to protect its own products against the importation of inferior and cheaper products. This is done by placing high duty tarrifs on goods

PROXY SERVER

This is a server that acts as a firewall between an internal server and an external server. For example a company will use a proxy server to the internet so its original

PUBLIC BID OPENING

The unsealing and reading of sealed bids that have been received in respinbse to an invitation for bids. Any interested member of the public as able to attend a bid opening. Bids

PUBLIC LAND

Known in some counrires as crown land. This is land that belongs to the government who owns the title to the land. This land is not owned by a company or individual

PUBLIC SERVICE COMPANY

Also known as a public service utility or corporation. A company that is publicly or privately owned that will provide a service to the public. They provide transport, communications and the like.

PUBLISHING

Commuinicating a document or a message by way of media such as print, radio and television. A document that goes through the publishing process that means it can be seen or read

PURE EQUITY TRUST

A trust that is irrevocable. The assets of the trust are acquired by a certificate exchange of beneficial interest instead of assets. This is different from gifting.

PUSH ORDERING SYSTEM

An arrangement that is made to replenish the stock after it has been sold. The stock will come from a central distribution centre that distributes to variuos centres for sale. Often the

QHSE

An acronym for quality, health, safety, environment. These are the four components that have been identified that allow for human error to be the cause of all accidents in the work place.

QUALITATIVE

This describes a property that is associated with a certain item or product. It will describe the reputation, feel, smell, taste, image of a certain product. It can aslo be used to

QUALITY ENGINEERING

A process by which the best quality product will be be produced. It covers all aspects of production from an items inception to its eventual placement on the shelves where it is

QUALITY PLAN

A document generated that lists the activities and practices that are required in order to create a quality product from its quality policy. It will use a time frame that needs to

QUASI CONTRACT

A determination by a court about the obligation of one party to another. No actual contract exists but the agreement is similar to a contract. It is based on the conduct of

QUICK FIX

A technique used to solve problems which uses the fastest method to solve the problem. It is not necessarily the best solution but it will work before the ideal solution is found.

QWERTY KEYBOARD

A keyboard that is liek that ona type writer. The alphabet is not in order like A, B, C. The first row begins with the letters that spell q, w, e, r,

RADON

A gas that occurs naturally as the by product of the decay of naturally occuring uranium. The gas is both odourless and colourless. Although named a s aknown carcinogen by the EPA

RASTER IMAGE PROCESSOR (RIP)

A device that will translate vector images into images that can be printed by dot matrix printers, laser printers and recognised by scanning equipment. It will produce a bitmap of an image.

PREPAID DUES

The fee paid for an employee by the company for an association with a particular organization or group

PREPRESS

The steps that need to be undertaken during the preparation of the design or layout before it is printed. It includes color separation, preflight camera work, proofing, stripping, etc.

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