Category: P

Any debt which is discharged before any other debt is paid off.

A discount given to any policy holder if they decide to pay all of their premium for the year in advance.

Packing is a term that denotes the preparation of a product/ item for shipping or transportation purposes. Various methods might be used for packing, such as proper packaging, cushioning, water proofing, marking,

Paint is a solution which consists of a binder, a mineral solvent (usually water) as well as colored pigment, which is applied to various surfaces. It sticks to the surface, and ca

Any legal document that has monetary value, such as postal orders, checks, cash, as well as promissory notes and any other bills of exchange. Usually, paper money can be easily liquidated.

Any interface that allows the transfer of data between two devices, without having any impact upon the performance of either. Commonly, computer printers make use of parallel interfaces. Several parallel wires are

Maintaining equality between two entities.

Any entity/ party that has a favorable interest in another entity, for instance, employers, fiduciaries or unions.

Measures taken to limit the impact of anything that might have been taken. These are usually taken so as to reduce the effect of any event that happened.

A style of leadership in which any male leader makes use of his superlative powers to maintain control. Or, it could also mean acting similarly to a father, to protect children from

A model used commonly by search engines, in which advertisers will only have to pay if they get clicks from other sources after users click on them.

Known as a payor bank, any bank which can draw or accept a bill of exchange is a payer bank.

The total amount of money that a company needs to pay its employees. Also in the form of a paysheet, which calculates all deductions and net payments.

A process which allows employees to take their complaints to the managers or employers. Usually a jury or board.

The total income of the country, divided by the total popluation of the country. It is not the average income but provides a clear indicator of the living standards of the country.

Any number that is used to determine the percentage position with a number of data samples. For instance, if the performance of an employee is at the 57th percentile, then his performance

Dangers that might be associated with sea travel. Usually involves high winds, two ships colliding, hitting a submerged object, etc.

Any device that can be connected to the computer for input, output or communication functions. Examples include printer, scanner, keyboard, mouse, etc.

The capital stock account, as well as the retained profit account. They are known as being ‘permanent’ as they cannot be closed once the accounting period has ended.

Usually a set of skills that must be possessed by any person to become eligible for any job, which requires those skills.