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

PRIMARY RECORD

An original document that contains original signatures, seals,etc.

PRIMARY RESIDENCE

The place which is considered to be the main living location. Majority of the time is spent by the individual at the primary residence.

PRIME CONTRACTOR

The contractor who is responsible for the completion of a project, under contract with the owner of the job. The obligation of the prime contractor is to complete a project and can

PRIME LENDING RATE

The interest rate that a bank’s top customers are charged. This rate is a standard that is used to compute the interest rate for the financial institution’s other borrowers.

PRIME NUMBER

A whole number that is greater than one that is only divisible by 1 and itself. Every natural number is either a prime number or a multiple of a prime number. 2

PRINCIPAL BASIS

Security selling through either one or more dealers who stock up in bulk for their personal portfolios. The bought securities are then sold at a marked up or marked down price.

PRINCIPAL-AGENT RELATIONSHIP

A relationship wherin an individual acts in place of another individual. The agent will work in place of the individual known as the principal.

PRINCIPLE

A primary concept, assumption, etc that is held to be true and fundamental for a particular field, procedure, knowledge. It is used to predict the course of related entities.

PRINCIPLE OF DIMINISHING MARGINAL UTILITY

Assuming that all other factors remain constant, this principle states that for every additional quantity of a good consumed, the marginal satisfaction derived for the user decreases.

PRINT ENGINE

The primary mechanism in a laser printer that converts the signals of the print controller into the needed printed image. They are differentiated on the basis of pages per minute, resolution, toner.

PRINT MEDIA

The industry that is involved in printing and distributing media through publications such as magazines and newspapers.

PRINTER

A device that is usually external that prints materials that are desired by the user. The use of small pixels by the printer, allows the transder of the image from the screen

PRINTER CONTROL LANGUAGE (PCL)

Software belonging to the manufacturer of the printer that contains instructions for the printer on how a page is to be printed. As opposed to page description languages, PCL’s are not integrated

PRINTER CONTROLLER

A printed circuit board that often has its own own CPU. It converts the system’s output into a commang that is readable by the printer and helps it to print pages.

PRINTER DRIVER

A program on the computer that allows softwares to send commands to the printer. The driver software is unique for every model and for every operating system and as such the correct

PRINTER SERVER

A server that is able to accept files to be printed. It also provides queueing feature so that the pages are printed in the appropriate order.

PRINTER’S REAM

As opposed to the 500 sheets contained in a normal ream, the printer ream has 516 sheets, taking into account the waste incurred during printing and paper handling.

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