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

PRESSURE HEAD

The hydrostatic or pressure head is the weight of a column of water of a specific height at the bottom of the column. It is expressed as the ‘foot head’ or ‘meter

PRESTIGE PRODUCTS

Products that are deemed to be of an extremely high quality, due to added benefits that the buyer will supposedly obtain from it, and thus such products are highly priced.

PRESTRESSED CONCRETE

Concrete in which steel bars have an increased resistance to stress due to the compression effect created by the stretching and anchoring of it.

PRESUMPTION OF INNOCENCE

A system that is prevalent in the Commonwealth Nations where a defendant who enters trial is presumed to be innocent of the crime. However, this presumption only holds until the defendant is

PRE-TAX

The total amount that is paid that is not inclusive of the various taxes. Such taxes are existent in all types of transactions. For example, wages, plans, investments are inclusive of pre-tax.

PRETEXT INTERVIEW

The misrepresentation of information, identity or intent by the interviewee occurs in a pretext interview.

PRETTY GOOD PRIVACY (PGP)

A software for data encryption that makes sure that messages sent over the internet comply with the integrity, privacy and security laws. Encryption and Decryption are the equivalent of two physical keys

PREVAILING CHARGE

The determination of benefit amounts is based on the standard charges for the service in the residence area of the insured.

PREVAILING WAGE

The wages, both trade and public work, that workers in a particular area are paid. It is expressed in hourly wages and is inclusive of overtime wages and benefits.

PRICE BREAKDOWN

The total cost incurred for a good or services that is broken down into its separate elements such as labor, shipping, etc. The situation in which an estimate is required to determine

PRICE DETERMINATION

The interaction between the demand and supply in the free market that is used to determine the costs for a goods or service. TLD Example: The unexpected cold weather is expected to influence

PRICING ARRANGEMENT

The agreement between a customer and the contractor that is used to determine the price or cost of reimbursement.

PRICING PLATEAU

The price level, that is dependent on the market and the product, either side of which volume of sales experiences a drastic change.

PRICING POWER

The company’s ability to raise the price of a product without affecting its demand. A company that prodces a product that is unique or faces little competition has a high pricing power.

PRIMACY EFFECT

The reliance of the interviewer on first impressions which is used to judge the interview.

PRIMARY BUSINESS PURPOSE

Stating business as the primary purpose for undertaking a travel, as opposed to pleasure. For taxation purposes, a business travel is eligible for complete deductions in transportation and half price for meals.

PRIMARY DISASTER

The disaster that is considered to be the onset of subsequent disasters.

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