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

Category: P

PERMISSIBLE EXPOSURE LIMIT (PEL)

The daily limit of exposure to any substance to humans, standardized in an 8-our shift. The Permissible Exposure Limit was set up by OSHA.

PERSONAL INJURY PROTECTION

A specific term that is used in reference to benefits provided in certain states, such as those which are needed for vehicle insurance. Such a benefit commonly spans death by accident, or

PERSPECTIVE VIEW

A rendition that is made to depict the outer view of any object or design, without having to remove any parts. Thanks to the sectional views, parts that would usually not be

PETTY OFFENSE

A small violation of the law. Usually, the punishment is less than six months as per the court of law.

PHISHING

An act of illegally gaining access to a computer, stealing private information and then utilizing that information for harmful activities. Phishing is usually popular through various email frauds and internet related activities.

PHYSICAL SAFEGUARD

A safety measure that is taken in order to prevent oneself from harm/ injury that might be caused due to the surroundings. For instance, placing a burglar alarm is a physical safeguard

PIGGYBACK COMMERCIAL

A couple of commercials, which are aired within a single time slot, so as to market an advertiser’s products.

PIPELINE STOCK

Stock that has departed the firm’s warehouse, but is yet to be sold to the customers, and hence, is in the ‘distribution pipeline’.

PLANNING CONTINUUM

A series of different steps and decisions that are taken in order to identify goals, objectives and needs, and then plan a way to achieve and fulfill those needs.

PLEA BARGAINING

An agreement set up between the plaintiff and the defendant to come to a resolution about a case, without ever taking it to trial.

POINT ESTIMATE

A prediction made on the basis of general math, usually restricted to a singular value.

POISSON RATIO

The ratio of the reduction in thickness of any body which is being pulled in order to bring about an increase in its length.

POLYCHLORINATED BIPHENYL (PCB)

A derived chemical from byphenyl, usually created by replacing hydrogen atoms with clorine atoms in a benzene ring. Some of the common applications include flame retardants, plasticizers, etc.

POPULISM

A movement, usually in politics, in which a politician claims to represent the sentiments of the people. Usually, a populist will try to represent the claims of the oppressed population.

PORTFOLIO PLANNING MATRIX

A technique used to analyze the business portfolio of a company. It is generally adopted by large corporations and businesses, who have decentralized centers of profit which are referred to as Strategic

POSITIVE PAY

A service initiated by banks, generaly to distinguish between checks that are fraudulent as wel las those who present them. Before the funds are issued, any mismatches are informed to the issuer

POSTSCRIPT

The primary language set out by Adobe, known as the Page Description Language, which is used to map images, text and different kinds of animations on a computer’s screen. It can also

PRAM MODEL

A series of systematic steps which are taken during any kind of negotiation, such as planning to agree, relationship building, coming to an agreement and/ or maintaining a certain relation.

PRECISION

The level of closeness to a certain pattern, objective or standard.

PREFERENCE SHARE CAPITAL

Those who have invested are liable to receive payment before others, though they can forego their shareholder privileges.

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