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

Category: P

POST-TRIAL MOTIONS

a term that is used for the motions that are made in court after a trial has ended.

PICKETING LAWFUL

a term used to describe a legal picketing that is carried out quietly and without violence and demonstrations.

PURPOSELY

the term used to describe something done with the conscious intent.

PEACEFUL ASSEMBLY

a right afforded under the constitution for people to meat peacefully and discuss important matters.

PROFESS

a term that is used to declare something publicly and to acknowledge openly.

PREPAID TUITION PROGRAM

Private or state run funds that allows adults to save up for their heir’s future education at the today’s lower tuition costs.

PRESERVATIVE

An additive chemical that is used to prevent a food or material from decay due to the presence of micro-organisms. Preservatives also prevent unwanted chemical reactions from occuring that may potentially spoil

PRICE DETERMINATION

The interaction between the demand and supply in the free market that is used to determine the costs for a goods or service. TLD Example: The unexpected cold weather is expected to influence

PRINCIPLE

A primary concept, assumption, etc that is held to be true and fundamental for a particular field, procedure, knowledge. It is used to predict the course of related entities.

PRIOR CHARGE

The right of the lender to claim the borrower’s assets under the terms of the loan agreement. If the borrower’s assets are liquidated. The holder of the prior charge is the one

PRIVATE FOUNDATION

An organization that is not related to the government and is notforprofit. The directors and trustees of the foundation contribute and manage the accounts. Usually, charitable institutions, and other related activities are

PRO RATA RATE

The rate for a time period that is shorter than the contract period.

PROBATE PRICE

For the purpose of inheritance taxes, the price of the shares are determined. It is computed by first taking the difference of the offered and bid prices, dividing it by four and

PROCYCLIC

In direct relation to the overall state of the economy. The value of an asset is procyclic if it moves in tandem with the economy.

PRODUCTIVITY

It is an economic tool used to measure the efficiency of a worker, capital output unit, system and economy in transforming inputs into outputs.

PROJECTION

1. Planning: Phenomenon of making calculated guess into future according to the past trends. 2. Psychology: Superimposition of one’s perceived unwanted notions, emotions onto others.

PROOF OF PURCHASE

This can be a receipt, label, tag or botle cap which shows that the person has indeed purchased the item specified. Often used in promotional campaigns to increase sales of a particular

PROPRIETARY DATA

Documents and data that has been generated by the company to allow it to control and safeguard its competitiveness over other companies. This proprietary data is protected by copyright laws, patent laws

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