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

Category: Finance

PAY PER SALE

An internet marketing method in which the pay of an affiliate is calculated on the number of sales that he managed to accrue.

PAYING

The act of compensating in monetary value.

PAYROLL CREDIT

The salary payments list that must be given by any employer to the bank.

PEER REVIEW ORGANIZATION

An organization of physicians that are hired exclusively by the federal government in order to analyze and review the services offered to any Meidcare subscriber.

PER CAUSE DEDUCTIBLE

A term used in health insurance to calculate the amount that must be lessened from every claim that is paid to the insured party.

PERCEPTUAL MAPPING

A research technique used in marketing in which the views of consumers are plotted and then charted on a map. Various questions are asked, and then the results are used in order

PERIOD COST

The total costs incurred, such as depreciation, interest and other costs which commonly occur as time passes. These are treated as fixed costs. Known commonly as period expense.

PERISHABILITY

A reference to the fact that services cannot be stockpiled, or produced before they are to be consumed. Meaning they will be present only during the production phase.

PERMANENT PARTIAL DISABILITY

A partial disability that will affect the insured forever. Since it is partial, the insured is not completely incapacitated.

PERSONA NON GRATA

A person who is rejected by those whose acceptance is required in a scenario.

PERSONAL SPENDING

The amount of money spent by an individual on his or her own self. Personal spending covers shopping expenditure, car payables, as well as medical bills.

PESTICIDE TOLERANCE

The total amount of pesticide residue that can be allowed to remain within a crop, that will be harvested. Secondly, it might also mean the ability gained by a pest which has

PHASED RETIREMENT

A retirement procedure in which older working employees are gradually led to retirement. The process is such that the working hours are reduced gradually over a period of time, until finally a

PHOTOSHOP

A software developed by Adobe Systems Inc. used primarily for editing photos. It contains a variety of filters and effects, as well as tools which can be used to manipulate a picture

PICKLING

A cleaning method used for removing the dirt off metals. Generally, a powerful acit is used at 80 degrees Centigrade, in order to to remove rust, dirt, or oil.

PIGOVIAN TAX

A method used for fixing the consequences for a certain group or society, or to fix the negative externalities of any company or industrial sector. Extra taxes are levied on the companies,

PLACE OF BUSINESS

The location where a business is actually located; where most of the business activities, as well as their records are kept.

PLANT-WIDE OVERHEAD RATE

An estimation which depicts the amount of money it will take to manufacture a certain item within a certain department of the company.

PLUG COMPATIBLE

Any piece of hardware that is compatible with a certain kind of outlet, or socket without any modification.

POINT OF SALE DISPLAY

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

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