Category: P

A trust that is irrevocable. The assets of the trust are acquired by a certificate exchange of beneficial interest instead of assets. This is different from gifting.

An arrangement that is made to replenish the stock after it has been sold. The stock will come from a central distribution centre that distributes to variuos centres for sale. Often the

The fee paid for an employee by the company for an association with a particular organization or group

The steps that need to be undertaken during the preparation of the design or layout before it is printed. It includes color separation, preflight camera work, proofing, stripping, etc.

The total amount that is paid that is not inclusive of the various taxes. Such taxes are existent in all types of transactions. For example, wages, plans, investments are inclusive of pre-tax.

The place which is considered to be the main living location. Majority of the time is spent by the individual at the primary residence.

A program on the computer that allows softwares to send commands to the printer. The driver software is unique for every model and for every operating system and as such the correct

A small telephone exhange, usually a replica that is connected to the telephone company’s exchange and is installed at the subscriber’s location. The PBX is capable of handling hundreds of telephone connections

The transportation of private individuals is undertaken in private passenger automobiles.

A theory in mathematics that is used to model events that have an uncertainty associated with their occurrence.

The determination of the equipments required, workflows, and implementation requirements of a specific process.

General obligation or liability of the producer or supplier of goods and services in order to adjust for the loss associated with its utilization, such as damage of property or personal injury.

Stage of negotiation, when the buyer and seller deliberate upon the amount of profit.

A group of employees who review the principles, techinical aspect, functioning and machinary in a project.

This type of advertising is aimed at the people who will be buying the products. It will outline any relevant discounts and sales specials that are available. It will specify the particular

The individual or company that has owners rights to the property such as a block of land or building. The property owner is responsible for the payment of any rates and taxes

This is a standard that is not approved by a standards company such as ISO. It is a standard that has been set by the company and due to its market power

Also known as a restraining order that will protect an individual from another individuals actions. Often used in cases of spousal or partner abuse and restricts the actions of the party against

Accompanied by a proxy statement. Used by a group who will vote on your behalf in the same way as they will vote. Usually occurs with ballots where all members can vote

1.A company who has traded shares publicly and the shares are held by a large number, hundreds of thousands, of different people. 2. A company owned by the government that provides public