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

Category: P

PRIVATE MORALITY

The private conduct of an individual that not of concern to the society or the government and thus does not warranty an intrusion. In contrast, public morality refers to the actions that

PROBABILITY OF ACCEPTANCE

When subject to a specific sampling routine, it is the standard percentage of goods that is deemed to be of acceptable quality.

PROCEDURAL LAW

The technical aspects of a legal system that states the steps that need to followed while enforcing criminal or civil law.

PRODUCT FRANCHISING

Order in which a firm or franchiser supplies a product family to a certain dealer or franchisee who associates with the brand name of the producer. Usually product franchisees are exlusive brand

PROFIT

It is total revenue minus total cost. It is th amount on which the tax is levied.

PROMOTER

A person or persons who want to sell or put forward and idea for a project or a business plan to another party. The other party can decide to lend support or

PROPERTY MANAGEMENT

The term used by real estate agents when they manage the leasing, maintaining and advertising for a particular house or business. It can include finding tenants, collecting rent monies and looking after

PROPRIETARY RIGHTS

These are the rights that the owner of any proprietary information has. These rights are protected under various laws. In contracting situations it means all of the information the contractor uses such

PROTECTION CLASS

This is a level of rating that is given to the amount of fire protection in an area. The rate is decided upon by the Grading Schedule of Cities and Towns. The

PROXY INDICATOR

Also known as an indirect indicator. It is an indirect sign or measure that can approximate or can be representative of a phenomenon without the presence of a direct sign or measure.

PUBLIC ASSISTANCE

This is a system put in place by the federal and state governments to ensure the well being of low income members of the community. It comprises of welfare services for the

PUBLIC SECTOR

The sector of an economy that is not controlled by any private organisation. This sector provides the services and goods to the public that aren’t provided by the private sector.

PUBLISH

A way to communicate a document or information by way of media such as print, radio and television. A book or document that can be published for the benefit of readers or

PURE ENDOWMENT

An endowment policy that is paid when the person in the endowment is still alive. An endowment policy runs for a set number of years than matures and is paid out to

PUSH MONEY

A cash incentive to a seller from a supplier to push the sales of an item. The seller may offer the buyer an incentive or discount in order to sell more items.

PREPAID ASSOCIATION DUES

The fees charged by a company that is a part of a recognized organization. An example of such fees would be the rental fees charged by a rental company for the upkeep

PREPONDERANCE OF EVIDENCE

An evidence presented that provides more convincement than the pre-existing evidence presented in court. As such, the jury makes its verdict in the favor of the party which has a preponderance of

PRESUMPTION OF INNOCENCE

A system that is prevalent in the Commonwealth Nations where a defendant who enters trial is presumed to be innocent of the crime. However, this presumption only holds until the defendant is

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.