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

Category: Finance

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,

PREPAID ASSET

A valued instrument such as the monthly rent for a company building, that has not yet been paid. It is usually recorded as an expense.

PREPAYMENT RISK

The risk associated with a fall in interest rates that is incurred by the lender or investor. As interest rates fall, most borrowers will pay of their loan balances and the investors

PRESTRESSED CONCRETE

Concrete in which steel bars have an increased resistance to stress due to the compression effect created by the stretching and anchoring of it.

PRIMARY DISASTER

The disaster that is considered to be the onset of subsequent disasters.

PRINTER CONTROL LANGUAGE (PCL)

Software belonging to the manufacturer of the printer that contains instructions for the printer on how a page is to be printed. As opposed to page description languages, PCL’s are not integrated

PRIVACY LAW

A regulation or law that safeguards the intention of an intention to not be disturbed, and not collate any information pertaining to him/her.

PRIVATE MORALITY

The private conduct of an individual that not of concern to the society or the government and thus does not warranty an intrusion. In contrast, public morality refers to the actions that

PROBABILITY OF ACCEPTANCE

When subject to a specific sampling routine, it is the standard percentage of goods that is deemed to be of acceptable quality.

PROCEDURAL LAW

The technical aspects of a legal system that states the steps that need to followed while enforcing criminal or civil law.

PRODUCT FRANCHISING

Order in which a firm or franchiser supplies a product family to a certain dealer or franchisee who associates with the brand name of the producer. Usually product franchisees are exlusive brand

PROFIT

It is total revenue minus total cost. It is th amount on which the tax is levied.

PROMOTER

A person or persons who want to sell or put forward and idea for a project or a business plan to another party. The other party can decide to lend support or

PROPERTY MANAGEMENT

The term used by real estate agents when they manage the leasing, maintaining and advertising for a particular house or business. It can include finding tenants, collecting rent monies and looking after

PROPRIETARY RIGHTS

These are the rights that the owner of any proprietary information has. These rights are protected under various laws. In contracting situations it means all of the information the contractor uses such

PROTECTION CLASS

This is a level of rating that is given to the amount of fire protection in an area. The rate is decided upon by the Grading Schedule of Cities and Towns. The

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