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

Category: Finance

PERSONNELIST

A colloquial name given to any person who administrates the field of personnel management.

PETTY CASH

A little cash that a person keeps with himself, for making cash payments miscellaneously.

PHILATELY

A method of collection and analysis of various different postage stamps, which are used by post offices. It is a hobby for most people, as they can be used to trace the

PHYSICAL HAZARD

Any physica danger that might be caused to a third party material. For instance, fire is a physical hazard.

PIG IRON

Metal that has not been properly processed, is in a half- finished state, and has been brought out from the blast furnace. Pig iron contains 92 perecent iron, has significantly high amounts

PIPELINE ALIGNMENT

To meet the requireents of any project, by providing the required number of resources.

PLAIN OLD TELEPHONE SERVICE (POTS)

The standard landline used to provide telephone services. Makes use of a twisted pair copper wire. Common otions include outgoing calls, incoming calls, call waiting, call forwarding, IDSN, caller ID and the

PLATFORM PRODUCT

Any piece of equipment or appliance, whose primary design features are used in various other products of a certain family or products.

POINT AND CLICK

A feature common in graphical user interfaces, allowing people to view an ainmation after clicking a certain point on the screen.

POINT TO POINT (PTP) CIRCUIT

A connection made with telephone lines with only two ending points. A PTP circuit creates a direct link between two defined locations. It is primarily set for one customer, and a fixed

POLLUTION LIABILITY COVERAGE FORM

A commercially issued form, which is used to provide coverage for any clean up costs that might be incurred by a corporation regarding its pollution excretion.

POPULATION AT RISK

A certain portion of the population who is much more exposed to dangers or harm, in comparison to the larger population.

PORTFOLIO INVESTMENT

Investment made by a company, primarily for financial gain. It does not establish lasting interest, nor does it give effective management control. Secondly, it can also mean to any type of investment

POSITIVE ECONOMICS

Positive economy is when economics is studies with the ‘what is’ and ‘what will happen’ approach, in case a certain course of action is undertaken or not.

POST-MONEY VALUATION

When a firm is valued after a sale and when new shares are issued, it is called post money valuation. Generally taken by multiplying the total amount of outstanding shares with the

PRACTICAL NURSE

A nurse who is licensed to help her patients in performing usual tasks of the day such as eating, bathing, etc. A practical nurse cannot administer medication.

PRECERTIFICATION AUTHORIZATION

An authorization that must be taken from the insurer before treatment can be gven. The physicican of the insured party has to give in an estimate of the costs, as well as

PRE-EXPORT FINANCING

Loans that are provided to exporting companies, after the lenders carefully check and ensure that orders have been placed for the goods, hence ensuring that they will get returns for their loans.

PREMIUM RECEIPT

A receipt given out to a policy holder, by the insurer or an agent on behalf of the insurer, which provides confirmation that payment has been received.

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