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

Category: P

PERSISTENCE

The amount of time that a substance can persist in any environment after being introduced in to a new surrounding.

PERVERSE INCENTIVE

Anything that incites, or determines somebody to take action in order to receive that incentive, usually resulting in damaging circumstances afterwards.

PHANTOM PROFIT

When a cash transaction has been written in the books, while no cash was ever deposited for it.

PHOSPHATES

Compounds that are usually inorganic, and contain a lot of phosphorus. Common applications of phosphate include detergents and fertilizers. Phosphates can harm the water, as it leads to excessive growth of algae.

PHYSIOLOGICAL

Something that is related to the human body, or any living organism for that matter.

PIGGYBACK MARKETING

An initial marketing strategy that is pretty low costing, since it involves two, or more than two firms, who will market each other’s products in the right markets for maximum publicity.

PISCAN DOCUMENT

The Piscan document states that all debits must be equal to credits.

PLANOGRAM

An drawing created by shopkeepers in order to get a better idea of how to effectively manage space on shelves.

PLEA IN BAR

An answer given by the defendant which completely defeats all actions/ charges levied by the plaintiff.

POINT OF CONTACT

A perons, or any platfororm from whom people can gain guidance, and he can be the coordinator.

POKA YOKE

An approach adopted by the Japanese in order to make their manufacturing processes free of any manufacturing defaults, and to provide exceptional customer service. Visual signals are employed in order to determine

POPUP AD

A new browser window that pops up when the user clicks on a new link. Generally an attempt at spam. Can be easily closed.

POSITIVE REINFORCEMENT

A strategy in which encouragement, the incentive of a reward or challenge might be enough to convince a person to achieve his/ her goal.

POT LIFE

The period of time for which a couple of different reactive chemicals can be used, after they have been mixed together.

PREFERENTIAL LOAN

An initiative taken by the government in order to bring about an increase in the capital investment. This is done generally in poorly developed areas.

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