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

PRELIMINARY INJUNCTION

An injunction granted before the trial has started, which states that the plaintiff will suffer extensive damage in case the injunction is not granted. Security must be posted with the court in

PREMIUM DISCOUNT

A discount given to any policy holder if they decide to pay all of their premium for the year in advance.

PREMIUM LOAN

A loan that is given by the insured party to the insurer.

PRE-EXPORT FINANCING

Loans that are provided to exporting companies, after the lenders carefully check and ensure that orders have been placed for the goods, hence ensuring that they will get returns for their loans.

PREMISE CONTROL

A proper analysis and identification of the information/ assumptions which form the basis of any plan. It is used to check if any changes need to be made.

PREMIUM REFUND

A clause included in certain policies, which grants the beneficiary a refund on the face amount of their policy, including all of the premiums that they have paid so far.

PREMIUM PRICING

A technique in which brands try to sell their products at a higher price compared to the general market, in order to create a brand image.

PREMISES BURGLARY

A term commonly used to describe a burglary that was caused at the premises of the insured party.

PREFERRED POSITION

A portion of any publication which is known to attract more attention as compared to other portions. Similarly, the pricing of the ‘preferred position’ is more than the standard charges.

PRE-MONEY VALUATION

The evaluation of the value of a firm, before it is sold. Valuation is done by issuing new shares, and then multiplying the price to earnings ratio by the periodic earnings of

PRENUPTIAL

A legally binding agreement between a couple, stating how the assets would be divided if the marriage fails to last.

POSTDATED CHECK PLAN

A plan in which all of the premiums are given out at the beginning of the year, albeit in the form of post dated checks, which are handed to the insurer who

POSTING

The transfer of debits and credits from the journals to a company’s ledgers is called posting.

POSTING KEY

A small term in the code of accounting, generally linked to an item within the ledger that provides important information relating to the post, such as the type of account or transaction.

PERSONAL INJURY

A non physical injury that occurs due to wrongful eviction, slander, false arrest or by violating the right to privacy of any person.

Topic Archives:

Disclaimer

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.