Category: P

In direct relation to the overall state of the economy. The value of an asset is procyclic if it moves in tandem with the economy.

It is an economic tool used to measure the efficiency of a worker, capital output unit, system and economy in transforming inputs into outputs.

A gradual increase in punishment in accordance with the frequncy of crime commitment.

It is projected amount minus the real amount.

Legal documents. Proof that a legal document has been delivered and accepted by the party it is intended for. Documents such as a writ or a subpoena to appear in court on

A legal precedent that will prevent a party from denying the right that another party has in the first party’s property. The second party will have had costs in relation to the

A time in which a state or country has a low level of unemployment and a high level of sales and total incomes. If inflation is kept low, sales figures will increase

The quantity of a resource such as oil, coal and gas that is expected from new mining operations or after an injection of new funds is made available for the existing mines.

This uses the results of psychological tests to determine a persons abilities, attitudes, aptiudes, behaviour

The money that is used by the government to provide goods and services to the public in general. This money has been generated by the government.

The policies that have been declared by the state that covers the state’s citizens. These laws and policies allow the government to stop any action that is against the publics’ interest. There

A storage facility that is made available to anyone who would like to store any sort of goods. Any person or company can use the storage.

The agreement by which a buyer agrees to sell an item to a purchaser. The buyer needs to agree to a set of conditions in order to buy the product.

A trust situation that involves three parties. The parties are the creator of the trust, the trustee, and the beneficiary. This is a contractual trust and is different to a statutory trust

Used in finance to pay off one loan by taking out another loan. This continues until the whole scheme collapses and the borrower declares bankruptcy in order to relieve himself of the

In anticipation of a future event, preparation helps to make something ready to be utilized.

The risk associated with the failure of the couterparty to settle the required amount.

Under this agreement, the price that the buyer pays is the one prevalent at the time of shipping and not the price at the time of ordering.

The greater the level of activities that are undertaken in a specific period, the lower the yielded benefit, assuming that other factors are constant.

Costs and revenues that were documented in the firm’s financial statements from the previous year.