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

Category: Finance

PROBLEM-SOLUTION APPROACH

The sales approach taken by a salesman wherein he/she identifies the problems faced by a consumer and comes up alternative to tackle the problem through the product that is being promoted or

PRODUCT CHAIN

The processes that are involved in the creation of the final product.

PROFICIENCY

It is the measure of one’s expertise in a certain subject, language or concept.

PROJECT DEFINITION

Phenomenon in which the different aspects of the project are thought over and the duration, cost and major events are discussed and main concerns are recognized and addressed.

PROMOTE

An act by which an employer gives an employee a new position with an increase in salary, higher level of responsibilities and a new job description. The new position is always superior

PROPERTY DIVIDEND

This is a payment that is made to the owner or a stake holder of an investment. Share holders receive a dividend each year depending on the number of shares they hold.

PROPRIETARY RECORD

This record contains any information that should be shredded before it is disposed of. All this information should be kept secret to the company and not be allowed to be viewed by

PROTECTION AND INDEMNITY INSURANCE

This is insurance coverage that will cover any harm or damage that is done to a ship’s crew and cargo due to negligence. It is carried by the owner of the ship.

PROXY FIGHT

A takeover fight whereby two parties are trying to overtake the current organisation or control of a company by encouraging other members to back there particular takeover bid. It is usuallyaimed at

PUBLIC AFFAIRS

This is the effort put in by public relations for a firm that is associated with any government agencies, pressure groups and members of the mass media.

PUBLIC KEY CRYPTOGRAPHY (PKC)

Introduced in 1976 by Martin Hellman and Whitfield Diffie of the USA. This allows for the secure transmission of data in PGP (pretty good privacy). It is non-secret encryption which is different

PUBLIC SAFETY

The role of looking after the public’s safety. A state, federal or local organisation that looks afetr the safety og the public. It can contain memebers of variuos organisations such as EMTs,

PUBLICS

Groups of people that are assocoiated with another group or company. The association may indirect or direct and includes groups such as students, customers, suppliers, employees and investors.

PURE COST

This is the comparison of the cost of an item from the previuos year compared to this current year. This method is used in cost accounting practices.

PUSH

1. Internet. Data taht is sent with only an initial permission, such as regular email notififcations from various companies. 2. Manufacturing. Inventory of parts and materials to be purchased to enable production

Q’ SCHEDULE

A listing that is a requirement of the New York State Code. It is a schedule that is filed by an insurere with the particular state. It will be a list of

QUALIFYING SHARE

The number of shares that a member of the board needs to own to qualify to be on the board of directors of a company. If not enough shares are owned the

QUALITY CREEP

An aspect of constantly improving a product. As a product continues to be improved by the manufacturer the price will increase in direct proportion to the increase in quality. The price will

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