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

Category: P

PERFLUOROCARBON (PFC)

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

PERIODIC VALUATION

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

PERMANENT INTEREST BEARING SHARE (PIBS)

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

PERSONAL PROPERTY

The belongings of an individual, excluding any real estate property or other buildings. Generally includes tangible and intangible assets of an individual.

PEST ANALYSIS

An analysis taken in which the politicallegal, economic, sociocultural and technological factors of a company are taken into account so as to come up with the plans of the organization for the

PHASE

A particular stage of any event, or phenomena. Examples include ‘a phase of my life?’ In Chemistry, it means matter’s physical state. In Physics, the term is used to determine the oscillatory

PHYTOTOXIC

Any substance which can prove to be toxic for plantation is ‘phytotoxic’.

PIGGYBACK RIGHT

A right aforementioned in a contract, allowing a party to copy the actions of another party too.

PITCHBOOK

A guidebook set up by a fund manager, which can be used to provide instructions regarding the investments that should be made by potential investors, and the kind of investments that the

PLANT LEDGER

An accounts ledger that must be maintained by the plant, detailing all of the information on a certain asset.

PLIMSOLL MARK

A small mark painted on the side of a ship, usually depicting the maximum point to which they can be sunk in water when full. Usually dependent upon place season as well

POINT OF ORIGIN

The beginning point of something; the location from which a shipment is dispatched.

POLICY STATEMENT

A white paper which lists out all of the different ways that an organization will adopt in its daily affairs. Check policies and procedures.

POLYMER

A compound with a significantly large molecular weight, meaning it has a lot of simpler molecules of a simlar type. Examples of polymers include a lot of different common plastics.

PORCUPINE PROVISION

Methods adopted by large scale companies in order to secure themselves against a hostile takeover.

PORTFOLIO TURNOVER

The period of time it takes for any investment to get funded, until it is sold off or repaid.

POSITIVISM

A concept which states that only the knowledge of science is the one true knowledge of this world which can be perceived by an individual. It was established by Francis Bacon, a

POTENTIAL DOSE

A potential dose is the total amount of chemical that is present within any substance (liquid or solid) that has been swallowed by an individual.

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