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

Category: P

PLEA BARGAINING

An agreement set up between the plaintiff and the defendant to come to a resolution about a case, without ever taking it to trial.

POINT ESTIMATE

A prediction made on the basis of general math, usually restricted to a singular value.

POISSON RATIO

The ratio of the reduction in thickness of any body which is being pulled in order to bring about an increase in its length.

POLYCHLORINATED BIPHENYL (PCB)

A derived chemical from byphenyl, usually created by replacing hydrogen atoms with clorine atoms in a benzene ring. Some of the common applications include flame retardants, plasticizers, etc.

POPULISM

A movement, usually in politics, in which a politician claims to represent the sentiments of the people. Usually, a populist will try to represent the claims of the oppressed population.

PORTFOLIO PLANNING MATRIX

A technique used to analyze the business portfolio of a company. It is generally adopted by large corporations and businesses, who have decentralized centers of profit which are referred to as Strategic

POSITIVE PAY

A service initiated by banks, generaly to distinguish between checks that are fraudulent as wel las those who present them. Before the funds are issued, any mismatches are informed to the issuer

POSTSCRIPT

The primary language set out by Adobe, known as the Page Description Language, which is used to map images, text and different kinds of animations on a computer’s screen. It can also

PRAM MODEL

A series of systematic steps which are taken during any kind of negotiation, such as planning to agree, relationship building, coming to an agreement and/ or maintaining a certain relation.

PRECISION

The level of closeness to a certain pattern, objective or standard.

PREFERENCE SHARE CAPITAL

Those who have invested are liable to receive payment before others, though they can forego their shareholder privileges.

PREMISE

Any assumption or information which forms the basis of a conclusion.

PRENUPTIAL

A legally binding agreement between a couple, stating how the assets would be divided if the marriage fails to last.

PACKAGING

Packaging might refer to: i) Various processes such as the cleansing, processing and packing of a certain item which is to be transported, or sold. It might also be used for promotional

PAID LOSSES

Paid losses are the losses which are given out during a particular period of time.

PANTONE MATCHING SYSTEM (PMS)

The Pantone Matching System is a trademarked name, which provides specifications of more than a thousand different ink colors by their number. The PMS is useful for a number of different printing

PARADOX OF THRIFT

An economic belief which states that if a person saves a significant portion of their income, they are going to get poorer, rather than becoming richer. The reason quoted is because the

PARETOPOLY

A situation in which there are a number of small scale sellers, while the large sellers are lesser in number.

PARTNERSHIP BY ESTOPPEL

A legal, binding partnership that may occur where previously, no formal partnership agreement was in place. A person who exhibits such conduct, or says words which represent, or allow him to be

PASSIVE INVESTOR

An investor in a firm or company who does not take direct part in the management.

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