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

Category: P

PLAT

A plan created of a certain building, area, streets, etc.

PLUS

An increase on the balance sheet due to positive income.

POINT OF SALE TERMINAL

An electronic device that comes in handy when retail payments have to be made. The POS Terminal can be charged throuhg the bank account, debit cards and other msart cards.

POLLUTANT PATHWAYS

A channel through which pollutants within a building might be excreted out, such as waterways, etc.

POLYSTYRENE (PS)

A plastic that has a very smooth surface, and breaks easily when external force is applied on it.

PORTAL

Any website that acts as an opening to a certain topic of interest or industry. Portals generally include four services, email services, customized informational content for the user as well as links

POSITIONING STATEMENT

An express statement which is generally written in order to give a clear outline of the goals that are to be achieved through a positioning strategy. The statement defines how a firm

POSTERIOR PROBABILITY

The amount of chance of an occurring event, which generally changes with the happening of new events. The posterior probabilty is commonly applied in finance in order to predict the fall or

POUR POINT

The lowest temperature at which any liquid will remain in its liquid form.

PRE-BID SHOPPING

Negotiations and discussions carried out between the contractor and the client, before the tender has been awarded. Generally done in order to get a lower price rate.

PREFERRED POSITION RATE

The rate at which a publication would alow a client to place an ad in its ‘preferred position’.

PAGE PROOF

A page proof is a final sample of the page which is shown on the computer screen, providing proof of the final document. It is helpful because it allows the user to

PALISADES WATER INDEX

An index which is used to monitor the performance of companies and firms which are currently present in the global water industry. It was created back in 2003, with the aim of

PAPERBOARD

A paper term is a simple term (not standardized) term that is supposed ot denote commonly recycled paper. It is used primarily as material for packaging.

PARASITE

An organism which obtains its nutrition by attaching itself to another living organism, known as a host. It survives on the host, usually causing harm or rendering diseases. A few of the

PARSING

Fragmenting a block of data by pertaining to a set of rules, making it much easy to interpret, manage and transmit through a computer.

PASSAGE OF RISK

During a transaction, the passage of risk is a phase in which the risk of damage or loss passes from the seller of the product to the buyer. For different products/ items,

PASSWORD AUTHENTICATION PROTOCOL (PAP)

A tool which is designed to verify whether the password entered in to a computer is valid or not. It does, however, have integrity flaws, and hence, the passwords can be stolen

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