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

PAID-UP CAPITAL

Paid up capital is the amount that provides the capital on stock which is kept in possession by the stockholders.

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.

PAINT

Paint is a solution which consists of a binder, a mineral solvent (usually water) as well as colored pigment, which is applied to various surfaces. It sticks to the surface, and ca

PAIR AND SET CLAUSE

The pair and set clause is usually a clause which states that if one half of a pair, or set is damaged, the value of the whole pair will be analyzed. However,

PAIRED COMPARISON

A paired comparison is usually a method in which a certain employee, and his/ her job is compared with another employee of a similar post, and his/ her job. Usually, such paired

PALE RECESSION

The pale recession is a condition in which the recession has not managed to affect all portions of the economy. In such a situation, the effects of recession would not regarded as

PALISADES WATER INDEX

An index which is used to monitor the performance of companies and firms which are currently present in the global water industry. It was created back in 2003, with the aim of

PALLET

A pallet is a small tool, or a piece that helps in the mechanized movement of goods that are stacked. It is essentially required for forklift trucks. The pallet is made commonly

PALLETIZATION

A common technique that is used to store or transport goods that have been placed upon a pallet, and then ship it as a unit load. It is easy because it allows

PANACEA

A mythological term that is supposed to be the remedy of all illnesses and diseases. Similarly, panacea is also used to provide a symbol for something that can solve all of a

PANDEMIC

A pandemic can be a disease, or a medical condition that has spread over a significantly large area. An example can be HIV.

PANEL BANK

A set of different banks which make contributions to the EURIBOR, which constitutes the largest parties that contribute to the European Money market, regardless of the fact that most of the banks

PANEL DATA

All of the data that is generated by taking a number of different samples which cover a larger set of units.

PANIC

When an abrupt loss of public confidence occurs in the financial system (leading it to cripple), causing drastically falling stock prices, business and banking failures as well as a complete and utter

PANTONE MATCHING SYSTEM (PMS)

The Pantone Matching System is a trademarked name, which provides specifications of more than a thousand different ink colors by their number. The PMS is useful for a number of different printing

PAPER ASSET

A paper asset is one that is recognized on the balance sheet, but it is of no use to the company, nor can it be sold for financial gain.

PAPER COMPANY

Any company that has no operations, but has a proper constitution, fully formed legal documents, little to zero assets and is registered is regarded as a paper company.

PAPER MEASURES

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

PAPER MONEY

Any legal document that has monetary value, such as postal orders, checks, cash, as well as promissory notes and any other bills of exchange. Usually, paper money can be easily liquidated.

PAPER PROFIT (OR LOSS)

Increase recorded in the market value of any asset, which will turn into actual profit once the asset has been sold. The same situation applies to paper loss.

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