Metal that has not been properly processed, is in a half- finished state, and has been brought out from the blast furnace. Pig iron contains 92 perecent iron, has significantly high amounts

Two loans taken on the same property. For instance, a first mortgage as well as a second mortgage. Obviously, the second loan is smaller in size.

A couple of commercials, which are aired within a single time slot, so as to market an advertiser’s products.

A practice that is considered highly unethican and in some cases illegal, piggybacking is a strategy by which a broker will immediately carry out a trade in his/ her personal account, after

A single component that can be used after being assembled, or being disassembled too. Examples include transistor, relay, etc.

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

A term used in shipping that determines the overall size of any shipment.

A term given to a picketing attempt by a number of workers, done discreetly.

To meet the requireents of any project, by providing the required number of resources.

Stock that has departed the firm’s warehouse, but is yet to be sold to the customers, and hence, is in the ‘distribution pipeline’.

A concept of economicts, put forward by Arthur Cecil Pigou, a classical economist. The Pigou effect states that due to a significant decrease in the prices of proudcts, a ‘wealth effect’ would

Items that are sold as units with a set of specified dimensions. Examples of piece goods include sized bed sheets, carpets, table cloths, etc.

Very shallow depressions made in to a metal, usually due to corrosion.

A party of different persons who are expecting to have their jobs terminated. The main purpose of a pink slip party is to provide people with a network to gain other jobs.

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

The location where a business is actually located; where most of the business activities, as well as their records are kept.

Simple, honest and directed language, used primarily in writing as well as in general speech.

The Piscan document states that all debits must be equal to credits.

A line of production established in industries, or manufacturing fields in order to check whether new processes used for manufacturing will be more efficient or not.

A guidebook set up by a fund manager, which can be used to provide instructions regarding the investments that should be made by potential investors, and the kind of investments that the