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

Category: Finance

PROPERTY DIVIDEND

This is a payment that is made to the owner or a stake holder of an investment. Share holders receive a dividend each year depending on the number of shares they hold.

PROPRIETARY RECORD

This record contains any information that should be shredded before it is disposed of. All this information should be kept secret to the company and not be allowed to be viewed by

PROTECTION AND INDEMNITY INSURANCE

This is insurance coverage that will cover any harm or damage that is done to a ship’s crew and cargo due to negligence. It is carried by the owner of the ship.

PROXY FIGHT

A takeover fight whereby two parties are trying to overtake the current organisation or control of a company by encouraging other members to back there particular takeover bid. It is usuallyaimed at

PUBLIC AFFAIRS

This is the effort put in by public relations for a firm that is associated with any government agencies, pressure groups and members of the mass media.

PUBLIC KEY CRYPTOGRAPHY (PKC)

Introduced in 1976 by Martin Hellman and Whitfield Diffie of the USA. This allows for the secure transmission of data in PGP (pretty good privacy). It is non-secret encryption which is different

PUBLIC SAFETY

The role of looking after the public’s safety. A state, federal or local organisation that looks afetr the safety og the public. It can contain memebers of variuos organisations such as EMTs,

PUBLICS

Groups of people that are assocoiated with another group or company. The association may indirect or direct and includes groups such as students, customers, suppliers, employees and investors.

PURE COST

This is the comparison of the cost of an item from the previuos year compared to this current year. This method is used in cost accounting practices.

PUSH

1. Internet. Data taht is sent with only an initial permission, such as regular email notififcations from various companies. 2. Manufacturing. Inventory of parts and materials to be purchased to enable production

Q’ SCHEDULE

A listing that is a requirement of the New York State Code. It is a schedule that is filed by an insurere with the particular state. It will be a list of

QUALIFYING SHARE

The number of shares that a member of the board needs to own to qualify to be on the board of directors of a company. If not enough shares are owned the

QUALITY CREEP

An aspect of constantly improving a product. As a product continues to be improved by the manufacturer the price will increase in direct proportion to the increase in quality. The price will

QUALITY OF LIFE

The daily activities that people undertake that have been enhanced by external factors. These factors are natural factors such as good water, clean air, outdoor activities, open spaces. It also relates to

QUANTITATIVE RESEARCH

Sampling techniques that can be defined and assigned numerical values. The data is then manipulated mathematically in order to bring about a result.

QUARTER-ON-QUARTER

The seperation of an asset that is intangible and is divided into four quarters or equal pieces. An example is dividing the ownership of a property among four parties.

QUEUE TIME

The time that is taken while being in a queue an dwaiting for work to be done or completed. The time taken for before a result is acheived. The time aproduct will

QUOTED PRICE

A written or verbal agreement that will cover the cost of repairs or for the purchase of a set number of items or a set service that is required. If a quoted

RADIOISOTOPE

The known chemical variant of a naturally occuring element that is a mutated type and is subsequently mutagenic, carcinogenic and dangerous to living flesh.

RAPID PROTOTYPE

A model that is 3 dimensional and generated by a computer from a CAD drawing. The creation of this prototype model is made using different techniques. These techniques are selective laser sintering,

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