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

PLAIN LANGUAGE LAW

Any law that can be depicted through the use of simple language, making it much easier to understand.

PLANNING ESTIMATE

The estimated costs that might be incurred during the implementation of a plan. A planning estimate is usually derived from the provided information, and can be based upon various planning factors.

PIPELINE THEORY

A theory which states that corporations that give all of their interest gains, dividends as well as capital gains to shareholders should not have to undergo taxation at the corporate stage.

PIGGYBACK PROMOTION

A simple method of promotion in which a firm would begin selling another firm’s product as a ‘bundle offer’. The other product is one that does not compete with the firm’s original

PLASTIC MONEY

A term commonly associated with credit cards, debit cards, NFC technology, etc.

PLAIN OLD TELEPHONE SERVICE (POTS)

The standard landline used to provide telephone services. Makes use of a twisted pair copper wire. Common otions include outgoing calls, incoming calls, call waiting, call forwarding, IDSN, caller ID and the

PLATE

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

PLASTICITY

A characteristic of any material to deform over and over again, without actually breaking apart due to the force applied.

PLATINUM

Platinum is a metal that is highly precious, since it has the longest life on shelf and is also the strongest. It is the most expensive metal in the world.

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.

PLANOGRAM

An drawing created by shopkeepers in order to get a better idea of how to effectively manage space on shelves.

PLANT PROPERTY

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

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.

PLUG COMPATIBLE

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

PLACEMENT

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

PLANT ASSETS

The materials used within plants, either directly or indirectly for the production of goods or services.

PLUS

An increase on the balance sheet due to positive income.

POINT OF CONTACT

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

PODIUM

A slightly higher platform than the standard ground, from where people can see the person who is giving the speech.

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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.