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

Category: Finance

PROPRIETORS DRAW

This is money that has been drawn by the owner of the meet to meet personal needs at the time. It is not for business purposes and will be taxed at an

PROTECTIVE PUT

This is security option that gurantees the owner will receive a certain minimum amount of proceeds derived from sales above the exercise price. This is purchased when the owner has shares in

PROXY STATEMENT

A document that lists all matters that are up for voting at the organisational meeting. Accompanies a proxy solicitation.

PUBLIC EMPLOYEE’S DISHONESTY COVERAGE

This is an insurance cover that protects against an employees dishonesty during work practices. It is usually used to for money and securities that have been stolen by the employee from the

PUBLIC LAW 15

A law that was put into the Congressional Act in 1954. If insurance has been regulated properly at a state level it is not subjected to any anti-trust laws at a federal

PULL

1. Internet. Data that is asked for by a recipient is pulled by them to their computer. Push is when they receive information that is sent to them. 2. Production. The generation

PURE MONOPOLY

The domination of one company that supplies the majority of a product to the public. This company will distribute all of one product as it has out priced the competition and is

PUSH-DOWN ACCOUNTING

A company that has been taken over by a larger or another company and has transferred all of its accounts onto the company that has taken them over.

QUAD RATE

The rate of a hotel room that is suitable for four people. It applies to any room or unit that will accomodate four persons.

QUALITATIVE CHARACTERISTICS

These are a set of guidelines that must be followed in order to comply with an FASB ruling. A accountant will need to follow these specific guidelins in order to complhy with

QUALITY POLICY

The policy of the top levels of management that will ensure the quality of its products. Management will develop a policy that will make sure that quality is always maintained.

QUANTITY

The amount of a product that is made or ordered. A njmerical amount that measures the objects being ordered and sold.

QUASI ESTOPPEL

Quasi estoppel is an equitable doctrine that prevents a person from denying an act or assertion if such denial is deemed to bring harm to another who reasonably relied on the act

QUICKBOOKS

A software package that is used for bokkeeping that incorporates many programs into one easy to use program. The software is customisable and incorporates spreadsheets, tables and tracking sheets in one easy

RACISM

A set of policies that is exhibited bt a person or persons toward a group of people of a different race. Often antagonistic and confronting. The assumption of lower intelligence and importance

RAILROAD RETIREMENT

This is a plan for retirement that it is only made available to workers employed by the railroad. Other employers not employed by the railroad are not eligible for this retirement benefit.

RATABLE

1. The quality of an object that allows it to be rated or appriased under certain criteria. 2. A proportionate ratio of the whole. 3. A taxable quantity.

PREPAID FREIGHT

Charges for Air or Ocean Freight that is paid for by the exporter at the port of origin, for which the importer has already made the payment. The failure for a shipment

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