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

Category: P

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.

PREMISE

Any assumption or information which forms the basis of a conclusion.

PRENUPTIAL

A legally binding agreement between a couple, stating how the assets would be divided if the marriage fails to last.

PACKAGING

Packaging might refer to: i) Various processes such as the cleansing, processing and packing of a certain item which is to be transported, or sold. It might also be used for promotional

PAID LOSSES

Paid losses are the losses which are given out during a particular period of time.

PANTONE MATCHING SYSTEM (PMS)

The Pantone Matching System is a trademarked name, which provides specifications of more than a thousand different ink colors by their number. The PMS is useful for a number of different printing

PARADOX OF THRIFT

An economic belief which states that if a person saves a significant portion of their income, they are going to get poorer, rather than becoming richer. The reason quoted is because the

PARETOPOLY

A situation in which there are a number of small scale sellers, while the large sellers are lesser in number.

PARTNERSHIP BY ESTOPPEL

A legal, binding partnership that may occur where previously, no formal partnership agreement was in place. A person who exhibits such conduct, or says words which represent, or allow him to be

PASSIVE INVESTOR

An investor in a firm or company who does not take direct part in the management.

PASTEURIZATION

A method of food preservation derived by Louis Pasteur, a French microbiologist. Usually, considerably high temperatures are given to the food in order to deavctivate several enzymes. The food needs to be

PAY AS YOU GO

An accounting method of a pension fund which allows the employer to charge contributed amounts by an employee to the earnings of a firm, allowing in more accurate pension calculations.

PAYBACK PERIOD METHOD

Method of evaluating the period of time it would take for the company to get the amount of return equivalent ot its initial investment. Usually, pay back periods should be lesser. It

PAYOFF TABLE

A tool used for decision analysis which lists down all the pros and cons of any decision. It makes use of payoffs, and provides various combinations or alternatives, giving a better idea

PECUNIARY EXTERNALITIES

A position in which the prices used for production by any producer are affected favorably or unfavorably by the impact of other producers.

Topic Archives:

Disclaimer

This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.