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

Category: Finance

PRIORITIZATION

Principle: Things that need to be done first oughta be done first Process: Ranking of items on the basis of urgency or importance.

PRIVATE LABEL

A brand or product that is not owned by the manufacturer. The retailer retains the ability to use their name under the manufacturing contract.

PROBABILISTIC

A model or situation with various outcomes, each with its own chances of occuring. On the other hand stochastic is the concept of randomness. Probabilistic is indirectly related to randomness. As such,

PROBLEM

The difference between a desired state and the existing state, or something that differs from the normal.

PRODUCIBILITY

The ease associated with manufacturing goods in large quantities. It is largely dependant on the design characteristics of the item in question.

PROJECT

A group of related taks execution under a certain financial budget restrain and limited time period.

PROLETARIAT

A term coined by Karl Marx in his famous work, Communist Manifesto, for the lower working class constituting the wage workers. The classification on who quails for the term has been varied

PROPAGANDA

A message that is aimed at a specific audience that will try to change their thinking to that of the person releasing such propoganda. It will often contain disinformation to promote a

PROPRIETARY INFORMATION

This is information that is known only to the owner of the information. It is not information that is made available to the general public at any time. It can relate to

PROTECTED HEALTH INFORMATION

This information can be relaesed at the patient’s request and not otherwise. It covers all of the information in a person’s file and is protected under HIPAA which keeps the information away

PROVIDE

1. An act of furnishing or supplying a person with a product. 2. The allocation of resources, being money or goods, to allow a project to proceed to completion or the next

PUBLIC ACCOUNTANT

1. In the United Kingdom this applies to any accountant. 2. In the United States of America it applies to those professionals that carry out services related to accounting to the population

PUBLIC HOUSING

Housing that has been funded by the US governement that is provided to people of low income and / or disability who would otherwise not be able to afford housing. A nominal

PUBLIC PROPERTY

Any property that is not owned by a private individual or a company. It belongs to the public at large and not to any one person. It covers premises and facilities that

PUBLICITY

The promotion of a news item by mass mdia such as television, radio, newspaper or internet about an event. This is not a sales promotion for items for sale. This type of

PURCHASING

The act by a person who buys goods and services from a trader or company. The goods and services can be for an individual or used by a company to complete an

PURPLE CURVE EFFECT

A book that was written by Thayer Bennett and Jeff Kinsey. It is a strategy that is used to locate the weakest link in an organisation. This link is then made stronger

PYROPHORIC

The name given to a substance that will self ignite at low air temperatures. These substances will ignite without the addition of a flame or ignition event.

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