The Law Dictionary

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

Category: P

PROFIT FACTOR

Various factors including the cost of the inplut, sales and any other aspect, which impacts the total profits on a good.

PROGRAM

1. A set of actions clearly defining the key allocation of resources, the main objective, the main workers involved and their respective work load. 2. Computing: Set of specific technical instructions aimed

PROGRESSIVE

Ability to take up criticism and follow up along with mindset that of an activist, and not that of a liberal or a radical.

PROJECT OWNER

The initiator, beneficior, financer and contractor of a project.

PROMOTIONAL ALLOWANCES

This is the allowances made available to the businessess in promoting and giving out of the specials and discounts to customers. It may take the form of reimbursements for the number of

PROPERTY AND EQUIPMENT TURNOVER

This is the ratio between the equipment used and the turnover acquired by a business. The formula is the average total of equipment and property used in aperiod and the sales taht

PROPOSAL EVALUATION

The evaluation of all proposals that have been submitted for a particular purpose. All of them will be considered and one that will provide the best economics will be chosen to go

PROPRIETORS DRAW

This is money that has been drawn by the owner of the meet to meet personal needs at the time. It is not for business purposes and will be taxed at an

PROTECTED HEALTH INFORMATION

This information can be relaesed at the patient’s request and not otherwise. It covers all of the information in a person’s file and is protected under HIPAA which keeps the information away

PROVED RESERVES

The levels of a resource such as coal, oil and gas that is estimated with an amount of certainty after study of geological and engineering factors that can be removed from a

PROXY STATEMENT

A document that lists all matters that are up for voting at the organisational meeting. Accompanies a proxy solicitation.

PUBLIC ACCOUNTANT

1. In the United Kingdom this applies to any accountant. 2. In the United States of America it applies to those professionals that carry out services related to accounting to the population

PUBLIC FINANCE

A collection of taxes that is from those who have benefited from the government’s providing of goods to the public. This tax is then used to further provide public goods for the

PUBLIC NOTICE

A notice providing information for the public that is widespread throughout all types of media. It will be in newspapers, on radio braodcasts and television broadcasts. It includes items such as Lottery

PUBLIC SWITCHED TELEPHONE NETWORK (PSTN)

This is a telephone service that provides a dial tone and communications between two parties. Any digital or analog number can be called by any party with a hand set or telephone.

PUBLISHING

Commuinicating a document or a message by way of media such as print, radio and television. A document that goes through the publishing process that means it can be seen or read

PURCHASE INTENTION

The plan in which a person intends to buy a particular goods or service sometime in the near future. The plan is to buy an item but the timing is left to

PURCHASES LEDGER

A second ledger that is used to record details of purchases. The credits and debits are recorded here from the main ledger.this is a subsidiary ledger that is entirely seperate from the

PURE MONOPOLY

The domination of one company that supplies the majority of a product to the public. This company will distribute all of one product as it has out priced the competition and is

PUSH SYSTEM

A term used in manufacturing when orders are made to a specified number. Everything is produced to a production plan, numbers are known before manufacturing starts. Orders flow in the direction to

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