Category: P

The date after which a product cannot be sold. The public refer to it as the use by date after which the seller must remove the product from the sheves for sale.

An economic term related to goods or services that does not generate any external entities. The producer or consumer of the goods or service will bear all of the costs and receive

The method by which a product leaves a company and is then sold to a customer. The client will buy or pull the product and the business provides the push that will

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

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

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

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

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

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.

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

The biggest possible loss that is expected if the occurrence of an event is as planned.

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

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

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).

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

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

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

This involves the information that is held on customers and clients of a business. This information should not be told to anyone that doesn’t need to know it and never disclosed to

This is another party that is appointed to ensure that the benefactors wishes are being carried out as requested by the trustees. They don’t have alot of power but are able to

American Rule originating in 1830 by Samuel Putnum. Investors and money managers should act in the interest of the investor and not themselves when investing money for other people. Money should be