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

Category: Finance

PRE-TAX

The total amount that is paid that is not inclusive of the various taxes. Such taxes are existent in all types of transactions. For example, wages, plans, investments are inclusive of pre-tax.

PRIMARY RESIDENCE

The place which is considered to be the main living location. Majority of the time is spent by the individual at the primary residence.

PRINTER DRIVER

A program on the computer that allows softwares to send commands to the printer. The driver software is unique for every model and for every operating system and as such the correct

PRIVATE BRANCH EXCHANGE (PBX)

A small telephone exhange, usually a replica that is connected to the telephone company’s exchange and is installed at the subscriber’s location. The PBX is capable of handling hundreds of telephone connections

PROBABILITY THEORY

A theory in mathematics that is used to model events that have an uncertainty associated with their occurrence.

PROCESS DESIGN

The determination of the equipments required, workflows, and implementation requirements of a specific process.

PRODUCT LIABILITY

General obligation or liability of the producer or supplier of goods and services in order to adjust for the loss associated with its utilization, such as damage of property or personal injury.

PROFIT OBJECTIVE

Stage of negotiation, when the buyer and seller deliberate upon the amount of profit.

PROJECT MANAGEMENT

A group of employees who review the principles, techinical aspect, functioning and machinary in a project.

PROMOTIONAL ADVERTISING

This type of advertising is aimed at the people who will be buying the products. It will outline any relevant discounts and sales specials that are available. It will specify the particular

PROPERTY OWNER

The individual or company that has owners rights to the property such as a block of land or building. The property owner is responsible for the payment of any rates and taxes

PROPRIETARY STANDARD

This is a standard that is not approved by a standards company such as ISO. It is a standard that has been set by the company and due to its market power

PROTECTIVE ORDER

Also known as a restraining order that will protect an individual from another individuals actions. Often used in cases of spousal or partner abuse and restricts the actions of the party against

PROXY SOLICITATION

Accompanied by a proxy statement. Used by a group who will vote on your behalf in the same way as they will vote. Usually occurs with ballots where all members can vote

PUBLIC CORPORATION

1.A company who has traded shares publicly and the shares are held by a large number, hundreds of thousands, of different people. 2. A company owned by the government that provides public

PUBLIC LAW

The laws that cover administration, constitution and criminal acts. It controls the actions betwen the citizens of the state and the state itself. It deals with the governments operation and structure.

PUBLIC SPENDING

The money for this spending comes from taxes that the people pay. It is used to provide defense, health, education and infrastructure projects that is paid for by the government.

PUISNE

Junior or of a lesser rank. From the word for puny meaning smaller. It applies to someone of a lower rank or of a lower position.

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