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

Category: Finance

PROBABLE RESERVES

The estimated amount of sources of energy that are present based on geological and engineering evidence. The recovery of such resources is possible using existing technology at an economical rate. However, the

PROCUREMENT

The entire process of purchasing goods that includes the purchasing decision, the selection of the goods, and the payment made by the buyer to purchase the goods. It involves (1)planning the purchase,

PRODUCTION POSSIBILITY CURVE

A two dimensional curve, used in macroeconomic analysis, drawan on a capital vs consumer goods graph. It is used to define the limitation of the economy when it comes to production and

PROGRAMMER

Individuals who write codes, which are transmitted to the computer as instructions. They must have the working knowledge of the lower and higer level to be able to instruct the machine well.

PROJECT PLANNING

Phenonomenon including the analysis of different stages of the project and respective scheduling.

PROOF OF CONCEPT

This is the evidence that will establish whether or not a particular idea or solution is at all feasible. An idea will need to feasible if you want a third party to

PROPOSITION 13

A constitutional ammendment that was approved in 1978 in California That started a revolt against the government. It set taxes at previous years prices and limited tax values.

PROPRIETY THEORY

This is a theory that states that all of the liabilities as well as the assets of a company are the responsibilities of the owner of the business. No one else is

PROTOTYPE

This is a model of the final product that is able to do eveything that the finished product will do. Usually made to show prospective sponsors a product and all of its

PRUDENTIAL FINANCIAL

A company started in Newark, New Jersey in 1875. A financial services company with many subsidiaries that operates across the USA and in 30 other countries for its clients.

PUBLIC FILE

This file contains sets of documents that the general public are allowed to see. There is no restriction on who can look at these documents.

PUBLIC NOTICE

A notice providing information for the public that is widespread throughout all types of media. It will be in newspapers, on radio braodcasts and television broadcasts. It includes items such as Lottery

PUBLIC TRUST FUND

A fund of money whose principal and interest monies are available for the benefit of the public. It does not benefit a single individual or company.

PULL PROMOTIONAL STRATEGY

A way of advertising a product before it is made available to the public for sale. This will create a demand that otherwise might not exist. The item will be advertised in

PURE RATE OF INTEREST

An economic concept of the rate of theorertical interest That rises in a market of loanable funds. In this situation a perfect rate of competition and certainty applies. That is, there is

PUT WARRANT

Issued by a company that says it will buy back stock at a set price and that price will not change in the future. The price will remain set for a period

QUALITATIVE FORECASTING TECHNIQUE

This is forecasting that uses factors that cannot be directly measured. The estimates are made with a systems of ratings to produce a figure. No verifiable data is used it is based

QUALITY LOOP

A quality spiral. It is representaion in visual terms of the steps that interact in the process of creating a quality product. The steps include the identification of a customers needs and

QUALITY SYSTEM

The complete list of activities including incentives, policies, plans, resources, organisation, that is reuired in order to implement a quality control system that will ensure an efficient and effective method of producing

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