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

Category: P

PRURIENT INTEREST

a term that is used for a morbid interest in sex, nudity and obscene or pornographic matters.

POSSESSION NATURAL

a term that is used when a person physically occupies a property without having the title to it.

PUBLIC FIGURE

A person with fame and notoriety in a community and is involved in the affairs of the community.

POSTPONEMENT

a term for the delay or the deferment of a trial to a later date.

PRIVILEGES AND IMMUNITIES

the right of every US citizen to be protected by the government, have a right to own property, have a right to happiness. It is the 14th amendment.

POLLUTE

a term that means to contaminate, to corrupt and to make unclear.

PREPAID TICKET

A ticket bought by the buyer at his/her current location, which allows him/her to make a travel from a different location. The issuance of a prepaid ticket advice (PTA) aids buyers to

PRICE BREAKDOWN

The total cost incurred for a good or services that is broken down into its separate elements such as labor, shipping, etc. The situation in which an estimate is required to determine

PRINCIPAL-AGENT RELATIONSHIP

A relationship wherin an individual acts in place of another individual. The agent will work in place of the individual known as the principal.

PRIOR AUTHORIZATION

Authorization that helps in minimalizing costs as benefits will only be approved if the medical care has been approved beforehand.

PRIVATE ENTERPRISE

A business operation or firm that is owned and operated by private individuals rather than government agencies.

PRO BONO

A latin term meaning for the public good. It is the provision of services that are free to safeguard public interest. See, e.g., Free Legal Advice Resources

PROBATE ASSETS

Assets such as real estate that are in the name of the decendant. Usually, a jointly held asset or one whose beneficiary is known is not included.

PROCURING AUTHORITY

The entity that is responsible for the purchase of order and the coordination of the related purchasing activities.

PRODUCTIVE RESOURCES

Resources such as labor, capital and land , which contribute to production reders to as productive resources.

PROGRESSIVE

Ability to take up criticism and follow up along with mindset that of an activist, and not that of a liberal or a radical.

PROJECTED TOTAL LIFE COST

Accumulative sum of spending (cost) on a fixed asset over the span of its lifetime, including expenditure over the repair, maintenance, and caretaking of the fixed asset.

PROOF OF POSTING

This ensures the correct transactions have been recorded according to directions given by the company into the journals or ledgers belonging to the company.

PROPRIETARY ACCOUNTS

These are the set of accounts that shows the actual position of the company in relation to finances, assets, reserves and other items. It is not the budget account but an account

Topic Archives:

Disclaimer

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.