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

Category: Finance

PERFECT BINDING

The binding of a book, done with adhesives, which allows it to open completely flat, i.e. at 180 degrees.

PERIOD OF TOLERANCE

The time period during which a single incident, or accident might turn in to a real disaster.

PERISHABLE COMMODITY

Any commodity which might get spoiled after a week of proper handling and shipping conditions.

PERMANENT RESIDENCE

The primary residence (home) of an entity, party, individual at a situated address.

PERSONAL COMMUNICATION SERVICES (PCS)

The array of mobile phone services that make use of smaller phones. Primarily used for incoming and outgoing calls, sending and receiving text messages, etc.

PERSONALIZATION

Adding personal references in any direct offer. Making use of customization techniques in order to exhibit a unique name/ quality on something.

PETER PRINCIPLE

A principle which states that as a person gets promoted to a better job, their effectiveness and productivity levels decrease. The Peter principle is named after Dr. Laurence J. Peter.

PHILADELPHIA FED SURVEY

A survey conducted in the district of the Philadelphia Federal Reserve. This survey is related to the improvement of the outlook of any business, and how the manufacturing industry is performing.

PHOTOVOLTIC CELL

A photovoltaic cell is a cell that has the ability to convert natural, or synthetic light in to electricity. It is commonly referred to as a solar cell.

PIE CHART

A circular representation of data in the form of a ‘pie’, depicting proportional area of relative sizes in comparison to a set of data. The area of each ‘slice’ is dependent upon

PILOT PRODUCTION

A line of production established in industries, or manufacturing fields in order to check whether new processes used for manufacturing will be more efficient or not.

PLASTICITY

A characteristic of any material to deform over and over again, without actually breaking apart due to the force applied.

PLUNGE TEAM

A group of different leaders, whose main purpose is to ensure that the financial market in the United States is performing up to the mark and providing investors with devent opportunity.

POINT OF SALE SOFTWARE

A software program which is used to keep a record of all the goods and services that are sold to the customer. Used to run the cash registers and computers at the

POLLUTANT

Any substance, or form of energy which has the ability to pollute the environment, causing harmful effects and damaging nature in general. It might affect natural health of plants, the quality of

POLYSPONY

An economical term which denotes a large number of buyers within a market, but no buyer is large enough to bring a change in the prices.

PORTABLE DOCUMENT FILE (PDF)

A PDF document is a file format that has been created by Adobe Systems, Inc., to be used with the Adobe Reader. It is commonly used to prevent copyright claims and allows

POSITIONING

A strategy commonly adopted for marketing purposes, in which a brand tries to occupy a distinguished position as compared to other brands, in the customer’s thoughts. Companies adopt a variety of different

POSTDATED CHECK PLAN

A plan in which all of the premiums are given out at the beginning of the year, albeit in the form of post dated checks, which are handed to the insurer who

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