Category: P

An Act that was put in to motion in September 2001, after the terrorist attacks. This act allows the government to track, and monitor all channels of communication between two individuals, for

Dividends or interest payments that must be issued to the owners of stock.

A confirmation receipt, usually physical or electronic, that provides confirmation that payment has been received.

The time of the day, or period during which the demand for goods and services is at its acme.

Any changes, claims or disputes that are related to real estate property. They must be recorded in order to register actions.

A fraction of 100. Usually, percentages are calculated by dividing 1/100 with the given value. The symbol used is %.

The ability of any asset to be converted to cash immediately, without facing any loss in its value.

A method by which the inventory is controlled without keeping any receipts or issues. At the end of every period of accounting, the final inventory is analyzed and an actual count is

An ordinary share, or common stock which does not need to be paid back. It is known as permanent financing too.

A characteristic of any substance or material which denotes the degree to which it allows liquids to pass through another medium, without altering the chemical or physical traits of the substance.

An arrangement in which a person becomes liable for the debts of another party, in case the other party fails to clear their dues on time. Can be regarded similar to a

Employees working in a certain company/ organization or firm.

Products that are obtained by processing natural gas and crude oil. Examples include liquefied petroleum gas, fuel oils, automotive gasolines, etc.

The act of making a charitable donation. It is from the Greek terminology, and bears the meaning ‘love of mankind’.

To gain physical possession of any asset or record, after gaining authority from the legal custodian. Or, it could also mean to legally restrict a person within a confined space.

A term used in shipping that determines the overall size of any shipment.

Promotional activities aimed at introducing a new product in the market. Usually an expensive ad campaign is undertaken.

A legislation that states that if the obvious meaning of any document cannot be contested, then it must be accepted as it is.

Software that is not locked to a certain platform; can be run on different platforms.

A slightly higher platform than the standard ground, from where people can see the person who is giving the speech.