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

Category: P

PSYCHONEUROSIS

the emotional and mental imbalance that is often seen with states of high anxiety with a loss in a sense of reality.

PAYABLE TO HOLDER

phrase that is used to refer to a bill that is to be paid to whoever presents it. It is poayable to the bearer.

PARENTAL CONSENT

the term that is given to the consent that a child or minor must obtain before getting married or undertaking any legal obligations.

PEACE OF THE STATE

term that is used to describe the protection that a state or nation will provide for its citizens and all of the people who live in its boundaries.

PREPAID INTEREST

When accounts are closed for a month, the prepaid interest is collected which is in fact the partial payment of a month’s interest payment

PREQUALIFICATION OF BIDDERS

The shortlisting of potential bidders who will receive the invitationtobid(ITB) documents based on experience, reputation, financial and mangerial ability, etc.

PRETTY GOOD PRIVACY (PGP)

A software for data encryption that makes sure that messages sent over the internet comply with the integrity, privacy and security laws. Encryption and Decryption are the equivalent of two physical keys

PRIME NUMBER

A whole number that is greater than one that is only divisible by 1 and itself. Every natural number is either a prime number or a multiple of a prime number. 2

PRINTING PLATE

A light sensitive metal or paper sheet. The image to be printed is burned onto this plate using a high intensity beam. The image is then transferred to the preferred medium by

PRIVATE CORPORATION

A firm that is incorporated, the shares of which are not listed on a public stock exchange. The shares are however held by a small proportion of stockholders.

PRIVATE TRUST

A trust for the benefit of certain private individuals, and not for the general public.

PROCESSOR

A microchip that is present in the hard drive of the CPU that is the primary source of commands for the computer system. They vary in sizes and functionality. The higher the

PRODUCTION MANAGEMENT

Occupation which involves controlling different aspects of the production system by prescribing scheduling, cost, quality, etc.

PROGRAM EVALUATION

Detailed analysis of a process according to a set of pre-defined parameters, to determine the success of project completition (according to the expected result).

PROJECT OWNER

The initiator, beneficior, financer and contractor of a project.

PROOF BEYOND A REASONABLE DOUBT

The burden of proof that is put forward by the prosecution used to determine a persons guilt or innocence. The defendant is always presumed to be innocent unless the burden of proof

PROPOSE

The act of making a suggestion, declaration, proposition or plan to another party. For example, someone might suggest a different plan be carried out in order to maintain customer supplies or a

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.