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

Category: Finance

QUASI CONTRACT

A determination by a court about the obligation of one party to another. No actual contract exists but the agreement is similar to a contract. It is based on the conduct of

QUICK FIX

A technique used to solve problems which uses the fastest method to solve the problem. It is not necessarily the best solution but it will work before the ideal solution is found.

QWERTY KEYBOARD

A keyboard that is liek that ona type writer. The alphabet is not in order like A, B, C. The first row begins with the letters that spell q, w, e, r,

RADON

A gas that occurs naturally as the by product of the decay of naturally occuring uranium. The gas is both odourless and colourless. Although named a s aknown carcinogen by the EPA

RASTER IMAGE PROCESSOR (RIP)

A device that will translate vector images into images that can be printed by dot matrix printers, laser printers and recognised by scanning equipment. It will produce a bitmap of an image.

POINT OF SALE DISPLAY

A marketing display set at the point where maximum sales are made; useful for promotional campaigns, etc.

POLITICAL FORCES

Political partices, pressure groups or influential political individuals are known as political forces.

POLYPOLY

An economical term, used to refer to a situation in which the number of buyers far exceeds the number of sellers.

PORT OF ORIGIN

A place from where a consignment has begun its carriage by sea.

POSITION POWER

The authority/ influence that is given to the individual who possesses an office or is given a position.

POSTDATE

The antonym of ante date, ‘post date’ is any date that lies in the future.

POTENTIAL TERMINATION LIABILITY

The total amount of money which needs to be paid to any contracting party that fails to perform to the injured, or aggrieved party.

PREARRANGED TRADING

A type of trading, considered illegal, in which participants within the market arrange between themselves regarding how they are going to perform in the future.

PREDICTIVE MAINTENANCE

Maintenance work that is carried out on a certain item/ machine/ building, etc. before it is actually required. Generally done so as to keep the system working in a top notch condition.

PREFERRED HABITAT THEORY

A theory which states that individual investors generally have a preferred limit of lengths when it comes to the maturity of any bond, and an investor is only liable to go out

PREMIUM NOTICE

A notice issued in order to provide the exact date on which a premium will become payable.

OXYGEN DEMANDING MATERIAL

Decomposed material such as food waste and dead plant/ animal tissue which makes use of oxygen during the decomposition process. It reduces the amount of oxygen in the environment.   See Oxygen

PACKING LIST

A packing list is a catalogue of all the articles that are included in a package that has been shipped from one place to another. A packing list is helpful for confirming

PAIR AND SET CLAUSE

The pair and set clause is usually a clause which states that if one half of a pair, or set is damaged, the value of the whole pair will be analyzed. However,

PAPER PROFIT (OR LOSS)

Increase recorded in the market value of any asset, which will turn into actual profit once the asset has been sold. The same situation applies to paper loss.

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