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

POINT OF CONTACT

A perons, or any platfororm from whom people can gain guidance, and he can be the coordinator.

PLUG COMPATIBLE

Any piece of hardware that is compatible with a certain kind of outlet, or socket without any modification.

PLATE

A finalized metal product, rolled flatly, having a breadth to a maximum of 48 inches, and exhibiting thickness less than 12 inches.

POINT OF SALE DISPLAY

A marketing display set at the point where maximum sales are made; useful for promotional campaigns, etc.

PODCAST

Any digital recording, such as news, music or media that can be run on your computer or on a media player such as the iPod. Podcasts are usually downloaded through the internet.

POINT OF SALE TERMINAL

An electronic device that comes in handy when retail payments have to be made. The POS Terminal can be charged throuhg the bank account, debit cards and other msart cards.

POINT OF SALE SOFTWARE

A software program which is used to keep a record of all the goods and services that are sold to the customer. Used to run the cash registers and computers at the

POINT SIZE

The distance between the highest and the lowest point of a certain type of print. Commonly used in commercial printing in the UK and the USA.

POINT TO POINT (PTP) CIRCUIT

A connection made with telephone lines with only two ending points. A PTP circuit creates a direct link between two defined locations. It is primarily set for one customer, and a fixed

POINT OF ORIGIN

The beginning point of something; the location from which a shipment is dispatched.

POISSON RATIO

The ratio of the reduction in thickness of any body which is being pulled in order to bring about an increase in its length.

PLUS

An increase on the balance sheet due to positive income.

POINT OF SALE (POS)

A location at which the risks and rewards of a certain product are transferred from one person to another.

POLICY STATEMENT

A white paper which lists out all of the different ways that an organization will adopt in its daily affairs. Check policies and procedures.

PLANT PROPERTY

The capital assets which are utilized by the plant in the manufacturing of goods and services.

POLITICAL BUSINESS CYCLE

A theory which states that politicians have the ability to modify an economy for their personal benefits, generally during the period of elections.

POLITICAL FORCES

Political partices, pressure groups or influential political individuals are known as political forces.

POINT TO POINT PROTOCOL (PPP)

The standard serial 8 bit connection standard, which has taken the place of the serial line internet protocol to a great extent, making it the most widely used method of creating a

POLICY FRAMEWORK

The set of guidelines, as well as long term goals which are taken in to account when policies are being made. These give the direction in which the firm is moving.

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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.