Category: P

A principle of accounting that requires you to rcord every liability and expense as soon as it occurs but you only record the results when they are gained or at least assured

An investment in real estate that has been taken over by REITS or another real estate company that operates by trading publicly.

An insurance taken out by an individual that covers them for any legal action against them. It is for injury to damage to any property that ends up in a court and

This is a telephone service that provides a dial tone and communications between two parties. Any digital or analog number can be called by any party with a hand set or telephone.

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

A plan that aids in the provision of legal services for its staff.

A necessary qualification before the next benefit, privelege, etc is received.

The determination of benefit amounts is based on the standard charges for the service in the residence area of the insured.

Security selling through either one or more dealers who stock up in bulk for their personal portfolios. The bought securities are then sold at a marked up or marked down price.

The aggregate number of copies that is produced in a print job under the order of the buyer.

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