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

Category: P

PUBLIC CORPORATION

1.A company who has traded shares publicly and the shares are held by a large number, hundreds of thousands, of different people. 2. A company owned by the government that provides public

PUBLIC LAW

The laws that cover administration, constitution and criminal acts. It controls the actions betwen the citizens of the state and the state itself. It deals with the governments operation and structure.

PUBLIC SPENDING

The money for this spending comes from taxes that the people pay. It is used to provide defense, health, education and infrastructure projects that is paid for by the government.

PUISNE

Junior or of a lesser rank. From the word for puny meaning smaller. It applies to someone of a lower rank or of a lower position.

PUSH PROMOTIONAL STRATEGY

A promotional method that works by pre-stocking ordering channels to provide an incentive by flooding the market with a product. The more a product is seen the more likely it is to

PREPAID EXPENSES

Recurring costs incurred by a firm that are settled before the actual incurrment of costs. They are the opposite of deferred charges and include costs such as rent, premiums, interests, etc

PREPRINT

The print and release of a partial portion of a work before the date of publication of the completed final work.

PRETEXT INTERVIEW

The misrepresentation of information, identity or intent by the interviewee occurs in a pretext interview.

PRIME CONTRACTOR

The contractor who is responsible for the completion of a project, under contract with the owner of the job. The obligation of the prime contractor is to complete a project and can

PRINTER SERVER

A server that is able to accept files to be printed. It also provides queueing feature so that the pages are printed in the appropriate order.

PRIVATE CARRIER

A firm that owns its own transportation vehicles that is primarily used to transport its own products.

PRIVATE PROPERTY

The ownership of tangible and intangible goods by an individual who has exclusive rights over it. The transfer of a private property can take place only by the owner’s consent or through

PROBABLE CAUSE

Facts and evidences that lead many to believe that the accused actually committed the crime. A probable cause is not a fail proof evidence as it only provides enough grounds to deem

PRODUCT RECALL INSURANCE

Insurance covering the cost engaged in recalling defective or possibly defectife products that an insured person makes.

PROGRAM

1. A set of actions clearly defining the key allocation of resources, the main objective, the main workers involved and their respective work load. 2. Computing: Set of specific technical instructions aimed

PROJECT MANAGER

Someone who sketches out the functioning, along with organisation of relevant resources required to accomplish a project.

PROMOTIONAL FARE

This is a discount that is used in times of slow business that will hopefully increase business over this period. It can be a discount on the full price or include other

PROPORTIONAL

The part of a property or company that is owned by an individual. The proportion owned is a ratio of the whole. For example an employee may have a number of shares

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