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

PROPERTY MANAGEMENT

The term used by real estate agents when they manage the leasing, maintaining and advertising for a particular house or business. It can include finding tenants, collecting rent monies and looking after

PROPERTY OTHER THAN MONEY AND SECURITIES

This property relates to items such as furniture and other office supplies that are not included as either property or money that still have some value to the owner. It is used

PROPERTY OWNER

The individual or company that has owners rights to the property such as a block of land or building. The property owner is responsible for the payment of any rates and taxes

PROPORTIONAL

The part of a property or company that is owned by an individual. The proportion owned is a ratio of the whole. For example an employee may have a number of shares

PROPORTIONAL REPRESENTATION (PR)

The voting scheme which ensures that each party or group is represented in the same proportion that they appear to be in the whole population.

PROPOSE

The act of making a suggestion, declaration, proposition or plan to another party. For example, someone might suggest a different plan be carried out in order to maintain customer supplies or a

PROPOSITION 13

A constitutional ammendment that was approved in 1978 in California That started a revolt against the government. It set taxes at previous years prices and limited tax values.

PROPRIETARY

Items that are sold, made or offered under copyright, patent or trade secrets laws by the rightful owner. Proprietary items are usually unique and will contain different components to a competitors product.

PROPRIETARY ACCOUNTS

These are the set of accounts that shows the actual position of the company in relation to finances, assets, reserves and other items. It is not the budget account but an account

PROPRIETARY DATA

Documents and data that has been generated by the company to allow it to control and safeguard its competitiveness over other companies. This proprietary data is protected by copyright laws, patent laws

PROPRIETARY ESTOPPEL

A legal precedent that will prevent a party from denying the right that another party has in the first party’s property. The second party will have had costs in relation to the

PROPRIETARY FORMAT

This is the format that a software program will accept or output data that is enetered into the program. This is what stops various computer platforms from being used by other programs.

PROPRIETARY INFORMATION

This is information that is known only to the owner of the information. It is not information that is made available to the general public at any time. It can relate to

PROPRIETARY INTEREST

The owner of a property, whether tangible or intangible, has certain rights that are accorded to them. This is a right to an advantage, share or interest in the property or an

PROPRIETARY KNOW HOW

This covers all knowledge that provides the advantage one firm has over another. It includes formulae, concepts, technical information and software codes that are protected under laws against misuse and being made

PROPRIETARY RECORD

This record contains any information that should be shredded before it is disposed of. All this information should be kept secret to the company and not be allowed to be viewed by

PROPRIETARY RIGHTS

These are the rights that the owner of any proprietary information has. These rights are protected under various laws. In contracting situations it means all of the information the contractor uses such

PROPRIETARY SOFTWARE

This is the software that is protected by copyright laws and patents that belong exclusively to the publishers and developers of said software. This software cannot be copied without permission and is

PROPRIETARY STANDARD

This is a standard that is not approved by a standards company such as ISO. It is a standard that has been set by the company and due to its market power

PROPRIETORS DRAW

This is money that has been drawn by the owner of the meet to meet personal needs at the time. It is not for business purposes and will be taxed at an

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This site contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.