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

Category: Finance

PROTOTYPE PLAN DEFINED

This is a plan for retirement that is made available for no charge to the individual. This free because it has been sponsored by an organisation.

PRUDENTIAL RATIOS

Ratios that are used by banks and bank regulatory authorities that are used to monitor and to determine the stability of the banks finances. The ratios are free capital, capital adequacy and

PUBLIC FINANCE

A collection of taxes that is from those who have benefited from the government’s providing of goods to the public. This tax is then used to further provide public goods for the

PUBLIC OFFERING

An offer of stocks and shares to the public from a company entering the stock market. The sale of shares is guaranteed by an under writer. The offer is only produced after

PUBLIC UNIT ACCOUNT

An account that stores the funds for use by public facilities such as schools, government agencies, fire, police and EMT departments, and public hospitals. These funds can only be accessed by an

PULL SYSTEM

The production of an item is created due to the demand that is created on a daily basis. The information for this system flows for the market direct to the manufacturer. It

PURE RAW MATERIAL

An element that does not change its weight or mass when it is turned into the finished product. It contains no impurities that are burnt off or removed so the weight will

PUTRESICBLE

The act of organisms that can make a food stuff or organic product or item become putrid. Any food stuff that can be attacked by the micro-organisms can be made putrid. The

QUALITATIVE MARKET RESEARCH

This market research interviews consumers that have purchased a new or recently improved product on the market. Only a small number of people are interviewed in order to gauge the consumer reaction

QUALITY LOSS FUNCTION

A mathematical formula that was developed by Dr. Genichi Taguchi in Japan in which the result is listed in money terms. It is a formula that estimates the loss of quality that

QUALITY TOOL

Also called the 7 tools of quality. Any type of device or tool that is used to support the quality of all products. It can take the shape of a chart, technique

QUANTITY SURVEY

The amount that a company will provide so it will meet the demands of the customers. The amount is made available after the customers have been monitored to indicate the demand for

QUIET POSSESSION

Again the term does not mean with no noise. It means with no interference from another party. Each sale carries the implication that it can be owned without any interference.

RACKET

An activity that is criminal and people subjected to a racket are usually deceived of their money. Methods used to get money or goods includes bribery, extortion and intimidation. See, What Is

RAMEN PROFITABLE

A term that is used to describe a person or company that is just breaking even by covering all living expenses. It indicates that a company is making more money that it

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

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