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

POLYPROPYLENE (PP)

A plastic that has a very smooth surface, and can be cracked easily, but is resistant to scatches. It is commonly used for the manufacture of battery cases, straws and other items

PLAIN MEANING RULE

A legislation that states that if the obvious meaning of any document cannot be contested, then it must be accepted as it is.

PLANT WALK THROUGH

A test carried out for plants in which each portion of the plant is carefuly defined and pondered upon, in order to check the coordination between the different materials.

PIONEER ADVERTISING

Promotional activities aimed at introducing a new product in the market. Usually an expensive ad campaign is undertaken.

PIGGYBACKING

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

PHYTOTREATMENT

A method by which substances that can contaminate the soil are removed from the soil through the plantation of new plants.

PIE CHART

A circular representation of data in the form of a ‘pie’, depicting proportional area of relative sizes in comparison to a set of data. The area of each ‘slice’ is dependent upon

PHYSICAL STANDARD

A quantitave estimation taken to analyze all of the requirements which must be fulfilled for any production process to take place. For instance, the requirements of the machine, the method of calculating

PIGGYBACK COMMERCIAL

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

PICKETING

Picketing is the name given to the industrial action usually taken by workers of a trade union, known as pickets, who assemble in front of the company, or the home of the

PIGGYBACK LOAN

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.

PIGOVIAN TAX

A method used for fixing the consequences for a certain group or society, or to fix the negative externalities of any company or industrial sector. Extra taxes are levied on the companies,

PIG IRON

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

PIECE GOODS

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

PITCHBOOK

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

PIPELINE MANAGEMENT

Managing different projects related to all of the activities that are linked to a certain set of goals.

PIECE PART

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

PISCAN DOCUMENT

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

PLAIN LANGUAGE

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

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