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

Category: P

PORTFOLIO CRITERIA

A criterion used to measure the developmental efforts of a firm for its products.

POSITIVE CASH FLOW

A normal position where the cash that flows into the company is higher than the cash amount that flows out, during the same period of time. A positive cash flow will not

POSTING

The transfer of debits and credits from the journals to a company’s ledgers is called posting.

PRACTICABLE

Any idea or project which can be brought to fruition or reality without any unreasonable demands.

PRECATORY WORDS

Words that are used to depict a certain desire or recommendation without actually binding the listener with them. For instance, ‘it is my desire and/or wish to?’

PREEMPTIVE PRICING

A method of selling something at lower rates, in order to ward off the competition within any market.

PREMIUM PRICING

A technique in which brands try to sell their products at a higher price compared to the general market, in order to create a brand image.

PACKAGE CLAUSE

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.

PAGEVIEW

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

PANACEA

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

PARENT PART

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

PART PAYMENT RULE

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.

PASSIVE ACTIVITY LOSS RULES

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

PAST DUE LOAN

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

PATRIOT ACT

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

PEAK PERIOD

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

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