Category: P

A calculated analysis of the present value of an employee’s post work pension assuming the employee would still work. In the company’s accounts, it is the pension liability of the company.

This is the receipt that has been signed by the person that an item has been delivered to. The item was in a good and undamaged condition and the receiver has accepted

Items that are sold, made or offered under copyright, patent or trade secrets laws by the rightful owner. Proprietary items are usually unique and will contain different components to a competitors product.

This is a proportion that is usually time based and is used to calculate an amount. For example, you may start to rent a property in the middle of the billing cycle

This is a plan for retirement that is made available for no charge to the individual. This free because it has been sponsored by an organisation.

Ratios that are used by banks and bank regulatory authorities that are used to monitor and to determine the stability of the banks finances. The ratios are free capital, capital adequacy and

A collection of taxes that is from those who have benefited from the government’s providing of goods to the public. This tax is then used to further provide public goods for the

An offer of stocks and shares to the public from a company entering the stock market. The sale of shares is guaranteed by an under writer. The offer is only produced after

An account that stores the funds for use by public facilities such as schools, government agencies, fire, police and EMT departments, and public hospitals. These funds can only be accessed by an

The production of an item is created due to the demand that is created on a daily basis. The information for this system flows for the market direct to the manufacturer. It

An element that does not change its weight or mass when it is turned into the finished product. It contains no impurities that are burnt off or removed so the weight will

The act of organisms that can make a food stuff or organic product or item become putrid. Any food stuff that can be attacked by the micro-organisms can be made putrid. The

A package clause allows the borrower to combine various different loans with the actual mortgage on the home, and then fix an installment per month in lieu of all the loans.

A pageview is a single access of a page on a website by a certain visitor. There is a difference between a apge view and a ‘hit’ on a page, because the

A mythological term that is supposed to be the remedy of all illnesses and diseases. Similarly, panacea is also used to provide a symbol for something that can solve all of a

The value of a share of preferred stock, as it’s worth on the trading market.

A finished good that has been created, assembled or borne out of other parts and/ or components.

A rule which states that if a payment is made in parts, it cannot be used to satisfy for the entire sum that is due.

A regulation set by the IRS which forbits businesses to show losses that were incurred by passive activities on their balance sheets, so as to reduce the amount of taxes that htye

A loan which has passed its due date. Usually, it is referred to as a ‘past due loan’ when payments fall behind for over a couple of months, regardless of the fact