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

Category: Finance

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

POUR OVER WILL

A special situation under which trust is created between two or more partices, and it also includes the transfer of the assets of a will maker in to an already created trust.

PRE-AWARD SURVEY

A survey conducted to evaluate the financial, managerial and operational capabillities of any contractor, before the actual contract is awarded.

PREEMPTION

To set up a prior claim, or the right to gain an advantage before anybody else.

PREFERRED POSITION

A portion of any publication which is known to attract more attention as compared to other portions. Similarly, the pricing of the ‘preferred position’ is more than the standard charges.

OXYGENATED FUEL

Known commonly as oxyfuel, oxygenated fuel is merely a blend of gasoline which contains oxygenates.

PAGE LAYOUT PROGRAM

A page layout program is a program that is designed to create and carefully assemble the parts of a graphical picture, or text on to a page and then ‘preview’ them on

PALE RECESSION

The pale recession is a condition in which the recession has not managed to affect all portions of the economy. In such a situation, the effects of recession would not regarded as

PAPER WEIGHT

Internationally, the weight of paper is determined in grams per square paper. In the US, the weight of paper is is determined by weighing a ream, or 500 sheets together.

PARAMETRIC COST ESTIMATING

A concept that makes use of a singular or more cost estimation relationships; used primarily for quantifying the costs of research and development.

PASS THROUGH SECURITY

Obligations towards debt, which has been sold as shares. In such an agreement, the principal amount as well as the interest taken from borrowers first goes through the middleman, who deducts his

PASSWORD

Any number of characters, words or alphanumeric data, which can be used as an access key to gain entry in to a computer, any file or program.

PATH GOAL THEORY

A belief when it comes to leadership which states that the subordinates will only accept the behavior of the leader as long as they see an immediate, or near future benefit in

PAY TO ORDER

Known commonly as a pay order, it is an instrument of negotiation which gives instruction to the payer’s bank to give a specified sum of money to the third party.

PAYING BANK

The bank which will cash a check or draft. Known as an accepting bank too.

PAYROLL VARIANCE

The different between the gross payment and the wages, that are estimated for the employees.

PEGY RATIO (PEG)

The ratio of measurement which determines how well a stock is performing on the trading market. The formula is to take the total earnings per every share and the ndividing it by

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