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

Category: Finance

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.

QUALIFYING CHILD

A person under the age of 19 years who satisfies four requirements to qualify. They must live with the person claiming a tax benefit, be a child of them, a foster child

QUALITY CIRCLE (QC)

Originating in Japan and called quality control circles. It is a small number of people between 6 and 12 that look after a certain aspect of quality control in the manufacture of

QUALITY OF DESIGN

The design of a product must include quality control. A quality design will produce a quality product and all aspects of the design must still enable the finished product to work as

QUANTITATIVE DATA

Data that is able to be measured and verified. Quantatative data can be defined. Qualitative data is described.

QUARTERLY REPORT

A report on company practices or finances that is released at quarterly intervals. The report is usually made available to stock holders and interested parties.

QUERY LANGUAGE

Also known as structured query language. The form that can be filled in order to start a search for some specific information.

QUOTA SAMPLING

This is a sampling method that specifies the representative group. An example might be from males aged between 30 and 40 years old.

RADIOACTIVE

A material is considered to be radioactive if it emits enrgy that causes damage to living tissue. The rays or particles that are emitted are known as alpha, beta and gamma radiation.

RANK AND CUT

A method of decision making that ranks the importance of each project. They are ranked by a set of criteria such as cash flow, risk factors, capital appreciation. The allocation of capital

PREPAYMENT OF PREMIUMS

The prepayment of impending premiums. This can be accomplished either through the immediate payment of the present value of the premium or through the interest accumulated on a deposit.

PRESSURE HEAD

The hydrostatic or pressure head is the weight of a column of water of a specific height at the bottom of the column. It is expressed as the ‘foot head’ or ‘meter

PRICING POWER

The company’s ability to raise the price of a product without affecting its demand. A company that prodces a product that is unique or faces little competition has a high pricing power.

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