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

POINT ESTIMATE

A prediction made on the basis of general math, usually restricted to a singular value.

PLUNGE TEAM

A group of different leaders, whose main purpose is to ensure that the financial market in the United States is performing up to the mark and providing investors with devent opportunity.

PLATE

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

POISSON DISTRIBUTION

A probability distribution method which expresses the probability of events per unit time. In contrast to normal distribution, Poisson is asymmetrical, tilting towards the left side of the median. It is primarily

POINT OF SALE (POS)

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

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.

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.

POLITICAL FORCES

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

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 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 SOURCE

An identified source from which pollution is emitted. For instance, the chimney of a factory, or a septic tank, etc.

POLYMER

A compound with a significantly large molecular weight, meaning it has a lot of simpler molecules of a simlar type. Examples of polymers include a lot of different common plastics.

POINT AND FIGURE (P&F) CHART

A chart which is made to show the fluctuations in bond prices, prices of commodities, stocks and the like. Time is ignored in this chart. The primary focus lies on changes. Hence,

POINT OF SERVICE PLAN

A mmethod which gives liberty to the patient to choose whether a participating indivuda or a non- participating one.

POLYSTYRENE (PS)

A plastic that has a very smooth surface, and breaks easily when external force is applied on it.

POLYNUCLEAR AROMATIC HYDROCARBONS (PAH)

A set of different compounds which are created from solid aromatic hydrocarbon anthracene. It generally consists of three differently fuzed rings of benzene, and is commonly applied for manufacturing dyes.

POLYMERIZATION

A chemical reaction which occurs when two or more chemicals are conjoined together in order to create a larger sized chemical.

POINT OF SALE DISPLAY

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

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