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

Category: P

PIGGYBACK RIGHT

A right aforementioned in a contract, allowing a party to copy the actions of another party too.

PITCHBOOK

A guidebook set up by a fund manager, which can be used to provide instructions regarding the investments that should be made by potential investors, and the kind of investments that the

PLANT LEDGER

An accounts ledger that must be maintained by the plant, detailing all of the information on a certain asset.

PLIMSOLL MARK

A small mark painted on the side of a ship, usually depicting the maximum point to which they can be sunk in water when full. Usually dependent upon place season as well

POINT OF ORIGIN

The beginning point of something; the location from which a shipment is dispatched.

POLICY STATEMENT

A white paper which lists out all of the different ways that an organization will adopt in its daily affairs. Check policies and procedures.

POLYMER

A compound with a significantly large molecular weight, meaning it has a lot of simpler molecules of a simlar type. Examples of polymers include a lot of different common plastics.

PORCUPINE PROVISION

Methods adopted by large scale companies in order to secure themselves against a hostile takeover.

PORTFOLIO TURNOVER

The period of time it takes for any investment to get funded, until it is sold off or repaid.

POSITIVISM

A concept which states that only the knowledge of science is the one true knowledge of this world which can be perceived by an individual. It was established by Francis Bacon, a

POTENTIAL DOSE

A potential dose is the total amount of chemical that is present within any substance (liquid or solid) that has been swallowed by an individual.

PREDATORY LENDING

The use of several methods of lending, usually shady, which are used to gain unlawful benefits from borrowers.

PREFERRED BIDDER

A bidder who has been preferred over others, by a company who is holding an auction.

PACKET SWITCHED

A packet switched is a network based on electronic communications that is commonly responsible for the reception and sending of data. However, in such a network, the data is broken down in

PAIN FACTOR

The financial cost of fixing a problem that has been occuring for a consistent period of time, rather than choosing to bear it further. It is also known as the pain value.

PAPER MEASURES

There are three, commonly used measures; i) Ream= 500 sheets, ii) Bundle= 1,000 sheets and iii) Bale= 5,000 sheets.

PARALLEL ACTIVITIES

Activities or tasks that can be performed concurrently, or simultaneously. Performance of either task remains unaffected.

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