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

Category: Finance

PUBLIC FLOAT

The number of shares that are for sale to the public when a company enters the stock market. These shares do not include the number of shares that are held by the

PUBLIC OFFICIAL BOND

This is a surety bond that is overseen by a principal. The company putting up the surety bond guarantees that this person will carry out their job by properly managing all of

PUBLIC USE

The availabilty of an invention for use by the public. An application for a patent can be done unless the invention has been in use for more than a year. If it

PUMP PRIMING

A sum of money that is put into the economy, usually by the government to give a boost to a slow economy. The amount is usually relatively small and goes into public

PURE RENT

Income that is received from the use of a resource. During this use, this product is not destroyed by consumers. The income bears no relation or response to the price of the

PYRAMID SCHEME

Same as a Ponzi scheme. One person recruits a person to a retail scheme then that person recruits people and son on and son until the first person has an increasing number

QUALIFIED PRIVILEGE

1. A privilegde, that if used properly, can protect its holder for failure to perform a certain act. 2. The defense in an act of defamation thatb it was made free from

QUALITATIVE REQUIREMENTS

A list of requirements that do not include strict measurements as yet. This data will be used before any actual measureme ts or dimensions are set down.

QUALITY MANAGEMENT

The activities of management that will create a quality control policy. A department will determine and manage all aspects of quality control to maintain quality and to continue to improve it.

QUANTIFIABLE

A way of assessing the performance of a company through ratios. The ratios are from measurable factors available during the processing method.

QUANTITY THEORY OF MONEY

A concept used in economics that states that the m oney supply willaffect the level of economy and the rate of inflation.

QUASI-LOAN

An agreement that is between two parties where one party will borrow money from the other. The agreement is that the money will be paid back in the future but there are

QUINCUNX BOARD

Frank Galton invented this in the 1890’s in the UK. A tool that is used to represent and to create a frequency distribution. It has boards and pegs through which they pass

RAMP UP

The gradual increase in energy, manpower or quantities. Often when a production begins only a small quantity is produced. Over a period of time more and more is produced and moremoney is

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

PRINCIPAL-AGENT RELATIONSHIP

A relationship wherin an individual acts in place of another individual. The agent will work in place of the individual known as the principal.

PRIOR AUTHORIZATION

Authorization that helps in minimalizing costs as benefits will only be approved if the medical care has been approved beforehand.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.