Category: P

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.

It is a term that is used for a little piece of data that is sent over a network. Might be a LAN, WAN or MAN. ‘Packet’ data includes several bits of

Any loan that has been paid for in full, any obligation that has been discharged or the prices that have been paid for are regarded as the paid up loans.

A paper asset is one that is recognized on the balance sheet, but it is of no use to the company, nor can it be sold for financial gain.

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.

PFC, as it is commonly known, is a byproduct that appears when aluminum is smelted during the manufacturing process of a semiconductor. A PFC has a couple of carbon atoms, as well

Ability to estimate costs during a period of accounting is known as periodic valuation.

Tradable on the London Stock Exchange, a PIBS is a non redeemable security given on fixed interest, and issued by some of the top building societies of the UK. A fixed income

Certain substances, such as heavy metals, which do not take any effect from the environment. These substances are usually poisonous for animals and plants.