Category: P

This covers all knowledge that provides the advantage one firm has over another. It includes formulae, concepts, technical information and software codes that are protected under laws against misuse and being made

This is where an agents territory is protected so that another agent is unable to encroach on the said agents teritory or area. This is guranteeed by the franchisee or company principle

Also known as direct cause. The result of an direct action and cause of loss to property that sets in motion a chain of events that is unbroken and causes damage, injury

This person is an insurance adjuster who works for the person who pays the insurance premiums and not for the insurance company.

Each state is ruled by duties and rights that need to be adhered to. This is an international law that covers these rights and duties of inter-government agencies and departments.

The way a company or organisation promotes itself to the general public. It may be its workers, customers, suppliers and investors. The public relations department promotes the goodwill of the company through

Any securities and shares that are bought and sold on an organised exchange. They are bought off a document that is called a prospectus.

A economic system that shows little interference from a government body. The system is run by big business and revolves around money and capital assets. TLD Example: The election of a president who

A document that is used to conform or acts in agreement to other conditions such as in rrference to an agreement or situation. In law it applies to a how an act

A valued instrument such as the monthly rent for a company building, that has not yet been paid. It is usually recorded as an expense.

The risk associated with a fall in interest rates that is incurred by the lender or investor. As interest rates fall, most borrowers will pay of their loan balances and the investors

Concrete in which steel bars have an increased resistance to stress due to the compression effect created by the stretching and anchoring of it.

The disaster that is considered to be the onset of subsequent disasters.

Software belonging to the manufacturer of the printer that contains instructions for the printer on how a page is to be printed. As opposed to page description languages, PCL’s are not integrated

The right that determines the nonintervention of secret surveillance and the protection of an individual’s information. It is split into 4 categories (1) Physical: An imposition whereby another individual is restricted from

A term for a point to point circuit or a leased line.

The probability of all the possible outcomes of a specified action that is listed.

The sales approach taken by a salesman wherein he/she identifies the problems faced by a consumer and comes up alternative to tackle the problem through the product that is being promoted or

The processes that are involved in the creation of the final product.

It is the measure of one’s expertise in a certain subject, language or concept.