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

Category: Finance

PROMISE TO PAY

An agreement between two parties, the lender and the borrower, in which the lender promises to pay a set amount of money on a set date. Usually made if the lender is

PROPERTY DAMAGE

The physical and tangible damage or destruction that is done to property. It can be damage dome by people such as broken windows or it can be classed as acts of God

PROPRIETARY INTEREST

The owner of a property, whether tangible or intangible, has certain rights that are accorded to them. This is a right to an advantage, share or interest in the property or an

PROTECTED RISK

This is any property that is in the area serviced by a certain fire department. Each department will cover a different area and each risk in that particular area is protected by

PROVIDER

This is a person or company who will give goods and /or services to another person. The company is a provider to the customer or buyer of its goods and or services.

PUBLIC ACCOUNTS COMMITTEE (PAC)

A committe of considerable power who examines the auditors reports to make sure that any government funding to the various departments of government is used in the correct manner and according to

PUBLIC INTEREST

The welfare of the public as compared to the welfare of a private individual or company. All of society has a stake in this interest and the government recognises the promotion of

PUBLIC PROSECUTOR

A District Attorney in the US and a Director of Public Prosecutions (DPP) in the United Kingdom. It is an attorney appointed by the government to pursue all criminal acts. The DPP

PUBLICIZE

A news worthy item or story is made available through mass media to the public. Often stories that are meant to be a secret is often made available to the public. This

PURE ANNUITY

This is an annuity that makes periodic payments to the annuant and will only stop with the annuants death. The premiums are deemed to be fully earnt and paid. These are deemed

PURPOSEFUL TRUST

This is a type of trust that is for a purpose and objective that is specified in the trust papers. This under certain laws in certain places. This is under the jurisdiction

Q (KYU)

A unit used to measure the typographic distance. It is only used in some countries. It is the equivalent of 0.25 millimetres or 0.71 of a point. It is used mainly in

QUALIFYING EVENT

A condition or an occurence that fulfills a set of specific criteria that will allow a payment of insurance benefits to an individual. It may also result in the termination of an

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.

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