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

Category: P

PROJECT MANAGEMENT

A group of employees who review the principles, techinical aspect, functioning and machinary in a project.

PROMOTIONAL ADVERTISING

This type of advertising is aimed at the people who will be buying the products. It will outline any relevant discounts and sales specials that are available. It will specify the particular

PROPERTY OWNER

The individual or company that has owners rights to the property such as a block of land or building. The property owner is responsible for the payment of any rates and taxes

PROPRIETARY STANDARD

This is a standard that is not approved by a standards company such as ISO. It is a standard that has been set by the company and due to its market power

PROTECTIVE ORDER

Also known as a restraining order that will protect an individual from another individuals actions. Often used in cases of spousal or partner abuse and restricts the actions of the party against

PROXY SOLICITATION

Accompanied by a proxy statement. Used by a group who will vote on your behalf in the same way as they will vote. Usually occurs with ballots where all members can vote

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

PASSPHRASE

Any sentence, or quote, etc. which can be remembered easil. It is used on a common basis as a replacement for a password.

PATH DEPENDENCY

The chance of any past practice being continued regardless of the fact that better options are present.

PAYING AGENT

A third party, or an entity such as a bank which makes a payment on the period interest and principal to the owners of the bond, paid on the behalf of the

PAYROLL TAX

The income tax or other deductions that are made by the employer on the employee’s gross salary.

PEEST

An abbreviation of Political, Economic, Environmental, Scientific or Technological Forces that might affect any organization.

PER DIEM BUSINESS INTERRUPTION

A policy for business interruption in which in case a business’ daily activities are interrupted, an insurance will cover a certain, specified amount until the business reopens.

PERCHLORATE

Salts which occur naturally and those which are made synthetically from perchloic acid. Various different types of perchlorates are available. Usually, they are all soluble in water.

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