Category: P

Private or state run funds that allows adults to save up for their heir’s future education at the today’s lower tuition costs.

Government offered securities such as Bonds, stocks, etc

The risk associated with the failure of the couterparty to settle the required amount.

A presumed disability that is deemed to be permanent and involved the loss of limbs, vision or hearing. Individuals bearing such disabilities do not have to undergo medical tests to prove that

A procedure that rewards the defendant’s positive attitude, instead of focusing on his wrongdoing and punishing him for it.

The lowest possible price for a goods or service that is fixed

Under this agreement, the buyer and seller reach a mutual understanding on the fixation of the price for a specific duration. However, in other similar agreement, the fluctuations in price that are

The market situation wherein the buyer and the seller are aware of the value of the product, without the intervention of a middle man.

An evidence that is (1) an established fact but not conclusive, or (2) supportive of a judgement until the presentation of contradictory evidence.

The various statements that provide the stakeholder’s with a good judgement of the financial position of the firm.

A special type of broker who works with large institutional client and is involved in raising capital, in addition he also helps in the completion of specific company needs.

The amount of money that the borrower agrees to pay the lender or the holder of the note.

The number of prints that can be produced in a single print run.

Principle: Things that need to be done first oughta be done first Process: Ranking of items on the basis of urgency or importance.

The application of specific laws in the case a foreign entity is involved, usually in local legal systems. The validity of the prosecutor’s judgements are also monitored under the private international law.

A legal relationship between a lanlord and his tenant or between the lender and the borrower where the entity concerned is one entity.

The probability of all the possible outcomes of a specified action that is listed.

The difference between a desired state and the existing state, or something that differs from the normal.

Activities related to administration that are aimed at (1) process definition, (2) establishment of responsibilites, (3) evaluation of process performance and (4)Identification of improvement opportunities.

The entity that is responsible for the purchase of order and the coordination of the related purchasing activities.