Category: P

Any case in which the borrower might default on their payments in the future. The term can be used to refer to a borrower who has a higher probability of defaulting.

An authorized document which needs to be taken from the insuring party, before an insured party can be admitted to a hospital.

A method of waste reduction in which materials that have been discarded are set apart on their level of recyclability.

A pact of trade, formed between two or more countries, allowing them to reduce the tariffs charged on specific goods during trade with each other. Even though the tariffs aren’t completely removed,

A term commonly used to describe a burglary that was caused at the premises of the insured party.

Costs that are incurred before income has been reported on the balance sheet.

PING, as it is commonly known is a technique that is used to check out the response time of any internet connection. A request is sent to any website and then a

Paid up capital is the amount that provides the capital on stock which is kept in possession by the stockholders.

Any company that has no operations, but has a proper constitution, fully formed legal documents, little to zero assets and is registered is regarded as a paper company.

A person who has been trained, and holds authority to provide a specified number of legal services. A paralegal is not a lawyer, but is usually on their way to becoming one.

Created and signed back in 1883, the Paris Convention provided a couple of different rights, specifically i) Any citizen, or resident of a signatory country, will be able to gain access and

A concentrated volume of any gas, or part of it, or any other substance, compared to a million particles of liquid or air. A fair comparison can be that of 5 liters

Any loss that is incurred due to a passive activity. Examples include loss incurred through rented property, any limited partnership, etc.

A patent is a legal document which provides protection to the ideas of any individual. Usually issued by the Patent Office of a country, the patent is granted to any firm or

Payment of a portion of the full amount of any item.

The day on which an employee receives his salary. Might be quarterly, weekly or monthly.

The period between which benefits are received, under a set agreement.

In case a security is expected for the provision of returns, which are consistent to that of other companies operating within the same sector, analysts usually give the peer perform investment rating.

Something that occurs as a contingency, or due to a small chance. The antonym of per se.

An agreement which states that the insured party, as well as the insurer will be liable to pay a certain portion of the losses, which must be agreed beforehand in the contract.