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

POLYSPONY

An economical term which denotes a large number of buyers within a market, but no buyer is large enough to bring a change in the prices.

POLYCHLORINATED BIPHENYL (PCB)

A derived chemical from byphenyl, usually created by replacing hydrogen atoms with clorine atoms in a benzene ring. Some of the common applications include flame retardants, plasticizers, etc.

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.

PORTABILITY

The degree to which any software program can be executed on different software or hardware platforms. Generally, software that has been written with Java as the primary programming language has the ability

POPULATION AT RISK

A certain portion of the population who is much more exposed to dangers or harm, in comparison to the larger population.

PORTFOLIO ANALYSIS

A careful examination of different elements of the products of a company, which are used to determine the best possible allocation of the resources of the company. Secondly, in terms of securities,

PORTABLE DOCUMENT FILE (PDF)

A PDF document is a file format that has been created by Adobe Systems, Inc., to be used with the Adobe Reader. It is commonly used to prevent copyright claims and allows

PORTFOLIO LOANS

Any loan that is considered to be an asset by a financial organization.

PORT OF EXPORT

The place where goods are departed from the country which is exporting them.

POPUP AD

A new browser window that pops up when the user clicks on a new link. Generally an attempt at spam. Can be easily closed.

PORK BARREL SPENDING

A process by which local projects are funded through the government’s funds, in order to attract more investment in a certain representative/ populist’s area/ district.

POSITIVE CASH FLOW

A normal position where the cash that flows into the company is higher than the cash amount that flows out, during the same period of time. A positive cash flow will not

POSITION POWER

The authority/ influence that is given to the individual who possesses an office or is given a position.

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

POP-UP RETAIL

A method by which entrepreneurs establish retail outlets on a temporary basis. Commonly, pop up retail methods are used to set up temporary outlets in untested markets by large corporations. This helps

POSITIONING STATEMENT

An express statement which is generally written in order to give a clear outline of the goals that are to be achieved through a positioning strategy. The statement defines how a firm

POSITIVE REINFORCEMENT

A strategy in which encouragement, the incentive of a reward or challenge might be enough to convince a person to achieve his/ her goal.

POSITIVE ECONOMICS

Positive economy is when economics is studies with the ‘what is’ and ‘what will happen’ approach, in case a certain course of action is undertaken or not.

POSITIVE CONFIRMATION

A request made by an auditor, in order to confirm the accuracy of any article. It might be express or implied. Usually, the request is made with a party who is dealing

POPULATION DENSITY

An estimation of the total land usage of a certain area. For instnace, the density of the population of an area can be expressed as the number of people living per square

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