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

Category: Finance

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

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.

NOMINAL LOAN RATE

The interest rate discounting the effect of compounding, expressed on a per annum basis that applies to a mortgage, credit card or similar loans. It is also known as effective loan rate.

NOMINEE COMPANY

A company that is formed by a financial institution or another organisation which operates an account that holds assets and securities on behalf of the actual owner under the terms of a

NON-CAPITAL LOSS

Occurs when the expenses of a business are greater than the income for a financial period.

NONCONTRIBUTORY

An insurance wherein the full premium cost is borne by the employer, with no contribution from the employee.

NON-DISABLING INJURY

A less severe injury compared to partial or complete disability that is eligible for a monetary compensation. Typically includes a disability payments for a month.

NON-EXPENDITURE DISBURSEMENT

Spending such as the repayment of a loan’s prinipal amount or the payment of a refund that is not charged as a usual expense.

NON-LEDGER ASSET

Instruments such as the receipt of higher interest with a dividend payment, that is not recorded in a ledger account.

NON-OPERATING LOSS

Activities such as strikes, result in the incurrence of a no-operating loss for the firm, although they are not related to the firm’s business operations.

NONQUALIFIED PLAN

A benefit plan for an employee that does mandate the filing with the IRS and as such tax deductions in exchange for contributions are not offered. Under the nonqualified plan, certain employees

NON-RESIDENT COMPANY

A company that is located in an area which is given the status of a nonresident for tax purposes.

NON-VERBAL COMMUNICATION

1. Elements of speech such as pitch, tone, speed in addition to behaviours such as facial expressions and gestures that communicate meaning. 2. The delivery of meaning or messages through a medium

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This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.