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

PATH DEPENDENCY

The chance of any past practice being continued regardless of the fact that better options are present.

PATH GOAL THEORY

A belief when it comes to leadership which states that the subordinates will only accept the behavior of the leader as long as they see an immediate, or near future benefit in

PATHOGENS

Microorganisms which are likely to cause diseases. Examples include viruses, fungi or bacteria. Usually found in chemical waste, exhaust water, etc.

PATIENT CAPITAL

A significant amount of money which has been invested for a period of over 5 to 10 years.

PATIENT-LITIGANT EXCEPTION

An exemption sets the doctor free from any doctor patient privileges, so that he cannot be sued by his patients for negligence or malpractice.

PATRIOT ACT

An Act that was put in to motion in September 2001, after the terrorist attacks. This act allows the government to track, and monitor all channels of communication between two individuals, for

PATTERN

A recurring characteristic that helps in the identification of any problem. It might also act as an indicator of how that problem might behave in the future.

PAUL VS. VIRGINIA

A decision that was given by the Supreme Court back in 1869, which excluded insurance from regulation by the federal government, since it was was not classified as commerce. However, the ruling

PAWN SHOP

A small shop which allows an individual to get a loan, after providing personal property, of an equivalent value, as collateral. If the loan is repaid within the time frame that was

PAY AS YOU EARN (PAYE)

A method of paying tax in which an employer must deduct income tax on his employees. Should be deposited after 14 days of collection.

PAY AS YOU GO

An accounting method of a pension fund which allows the employer to charge contributed amounts by an employee to the earnings of a firm, allowing in more accurate pension calculations.

PAY CYCLE

A cycle which determines the payment schedule that need to be dispatched within each period.

PAY DOWN

Payment of a portion of the full amount of any item.

PAY EQUITY

A level used to measure the extent to which the pay of an employee matches their own contributions and what they deserve. A higher pay equity means higher job satisfaction, and vice

PAY PER CLICK (PPC)

A model used commonly by search engines, in which advertisers will only have to pay if they get clicks from other sources after users click on them.

PAY PER SALE

An internet marketing method in which the pay of an affiliate is calculated on the number of sales that he managed to accrue.

PAY TO ORDER

Known commonly as a pay order, it is an instrument of negotiation which gives instruction to the payer’s bank to give a specified sum of money to the third party.

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