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

Category: P

PERSONAL ASSETS

Any articles that possess value, such as real estate, cash, and jewelry, etc.

PERSONAL USE PROPERTY

Any property that can be utilized for personal use. Examples include clothing, vehicles, furniture, etc.

PETER DRUCKER

A management consultant, as well as writer, who is known to have come up with the concept of management in the modern era, also known as the ‘Father of Modern Management’. He

PHENOLS

An organic compound, which is produced as a byproduct of the refinement of petroleum, dyeing of textiles, manufacturing of resins, etc. Phenol can be toxic if produced in a higher concentration.

PHOTOSYNTHESIS

A naturally induced process by which plants make their own food. The presence of oxygen and sunlight is very important for this process to take place. Photosynthesis is the reason for the

PICTOGRAPH

Data that is presented through the use of pictures, symbols, etc. as well as common graphing features, such as points, lines and bars, etc. Commonly referred to as a pictogram too.

PILFERAGE

Pilferage means the stealing of inventory, or shoplifting. Pilferage also means insurance provided for marine goods, however not necessarily provided by the standard policies.

PLACEMENT

Placement means to sell securitie toany investor, such as a bank or any foundation.

PLASTIC MONEY

A term commonly associated with credit cards, debit cards, NFC technology, etc.

PASSIVE INVESTMENT STRATEGY

When a portfolio is managed using minimum effort. This occurs when an index seldom moves their assets. Refer to active index strategy and index fund.

PETRODOLLARS

Cash flow paid to oil producing nations. It is rerouted to the western banking system.

PORTFOLIO

Assets managed together to reduce risks and improve investment opportunities. Refer to diversification, risk, and theory.

PREEMPTIVE RIGHT

A shareholders right at first choice on buying stocks. Any left are available to the market at large. AKA antidilution provision and subscription priviledge. Refer to rights issue.

PUNT

The act of speculation or being in a risky position.

PUTABLE SWAP

A swap whose structure has fixed rates. This transaction can be cancelled at a future date. Refer to callable and cancellable swap.

PASSIVE LOSS RULES

Rules limiting tax deductions and income that go untaxed. This is limited by passive source earnings.

PFANDBRIEFE

A bond that converts its assets into negotiable securities. The assets remain on the balance sheet but are reserved for investors in the event of default.

PORTFOLIO DIVERSIFICATION

Combining non related securites to ensure more profit. Refer to diversification, diversifiable risk, nondiversifiable risk, and portfolio theory.

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