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

Category: Finance

POINT OF SALE (POS)

A location at which the risks and rewards of a certain product are transferred from one person to another.

POLITICAL CONTROL

The control given through power of position held by influential political personnel. Might give them the authority to appoint an individual to an office, allow or refuse participation in any formal group

POLYNUCLEAR AROMATIC HYDROCARBONS (PAH)

A set of different compounds which are created from solid aromatic hydrocarbon anthracene. It generally consists of three differently fuzed rings of benzene, and is commonly applied for manufacturing dyes.

PORT OF EXPORT

The place where goods are departed from the country which is exporting them.

POSITION

The exposure of any investor who trades in securities or commodities, which is stated as the amount of items that he/ she owes.

POST OFFICE

An office built to dispatch and receive letters from any national or international location. On a general note, most post offices are regulated, finances and maintained by the federal government.

POTENTIAL OUTPUT

The projected GDP that can be produced if all the resources within an economy were put to full use.

PRE-APPROVAL

Any buyer who has a positive credit rating can be pre approved before they go home shopping. The lender generally checks the credit history before determining whether a loan should be granted

PREFERRED EQUITY

The total amount of profit, that is taken from the preferred stock of the company. The preferred equity does not take in to account any profit brought in through other investments.

PREMIUM LOAN

A loan that is given by the insured party to the insurer.

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.

PARAMETER

A value that can be defined, measured, is constant but can have variable properties, values or dimensions. A parameter is chosen commonly from a set of data, as it is important to

PARKINSON’S LAW

A law which states that work is spread over the time given for its completion. It states that a large sized bureaucracy will generate for itself a significant amount of work in

PARTY SELLING

A method of selling in which the sellers carry out their operations from the residence of the customers, on a rotational basis. The customer obviously earns a commission for allowing the seller.

PASSIVE TRUST

A kind of trust in which the person who is being trusted need not perform any task, and hence, the trust is regarded as a complete title transfer to the person who

PATH

In telecoms, a path is one which constitutes a number of resources, such as routers and circuits that must be set in place in order to allow for a signal to move

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