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

Category: P

PORTABILITY

The degree to which any software program can be executed on different software or hardware platforms. Generally, software that has been written with Java as the primary programming language has the ability

POSITION RISK

The risk involved with a certain trading position, commonly incurred due to the changes in price.

POSTDATED CHECK

A check whose date lies within the near future. A post dated check can be cashed in on the future date.

POTENTIATION

The coupled action produced by two chemicals; usually greater than the amount of action produced individually.

PREAUTHORIZED PAYMENT

An arrangement between a bank and its customer, allowing the bank to debit the client’s account for a loan or any installment that is payable.

PREEMPT SPOT

Booking a certain slot for a TV commercial, etc. in advance. It can be switched in case another advertiser decides to pay full money for a certain slot.

PREMIUM OFFER

A technique in which two or more products are sold in one piece, as a bundle. Generally, a premium offer is used to increase sales of a product.

PAGE LAYOUT PROGRAM

A page layout program is a program that is designed to create and carefully assemble the parts of a graphical picture, or text on to a page and then ‘preview’ them on

PALE RECESSION

The pale recession is a condition in which the recession has not managed to affect all portions of the economy. In such a situation, the effects of recession would not regarded as

PAPER WEIGHT

Internationally, the weight of paper is determined in grams per square paper. In the US, the weight of paper is is determined by weighing a ream, or 500 sheets together.

PARAMETRIC COST ESTIMATING

A concept that makes use of a singular or more cost estimation relationships; used primarily for quantifying the costs of research and development.

PASS THROUGH SECURITY

Obligations towards debt, which has been sold as shares. In such an agreement, the principal amount as well as the interest taken from borrowers first goes through the middleman, who deducts his

PASSWORD

Any number of characters, words or alphanumeric data, which can be used as an access key to gain entry in to a computer, any file or program.

PATH GOAL THEORY

A belief when it comes to leadership which states that the subordinates will only accept the behavior of the leader as long as they see an immediate, or near future benefit in

PAY TO ORDER

Known commonly as a pay order, it is an instrument of negotiation which gives instruction to the payer’s bank to give a specified sum of money to the third party.

PAYING BANK

The bank which will cash a check or draft. Known as an accepting bank too.

PAYROLL VARIANCE

The different between the gross payment and the wages, that are estimated for the employees.

PEGY RATIO (PEG)

The ratio of measurement which determines how well a stock is performing on the trading market. The formula is to take the total earnings per every share and the ndividing it by

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