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

PIONEER ADVERTISING

Promotional activities aimed at introducing a new product in the market. Usually an expensive ad campaign is undertaken.

PIPELINE ALIGNMENT

To meet the requireents of any project, by providing the required number of resources.

PIPELINE MANAGEMENT

Managing different projects related to all of the activities that are linked to a certain set of goals.

PIPELINE STOCK

Stock that has departed the firm’s warehouse, but is yet to be sold to the customers, and hence, is in the ‘distribution pipeline’.

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.

PISCAN DOCUMENT

The Piscan document states that all debits must be equal to credits.

PITCH

In chemistry, pitch is another term used for asphalt. In mechanices, pitch is the distance between two adjacent openings of a gear. In the travel industry, pitch is the empty space situated

PITCHBOOK

A guidebook set up by a fund manager, which can be used to provide instructions regarding the investments that should be made by potential investors, and the kind of investments that the

PITTING

Very shallow depressions made in to a metal, usually due to corrosion.

PIVOT TABLE

A feature provided in various spreadsheet programs, allowing the spreadsheet to be view from a variety of different arrangements in order to depict the same data.

PLACE OF BUSINESS

The location where a business is actually located; where most of the business activities, as well as their records are kept.

PLACEMENT

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

PLAIN LANGUAGE

Simple, honest and directed language, used primarily in writing as well as in general speech.

PLAIN LANGUAGE LAW

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

PLAIN MEANING

The obvious meaning, intent, or implication of any clause/ statement or any legal paper, which can be understood by just reading it.

PLAIN MEANING RULE

A legislation that states that if the obvious meaning of any document cannot be contested, then it must be accepted as it is.

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

PLANNED OBSOLESCENCE

A deliberate strategy adopted by businesses in order to render a product of theirs obsolete. Supply is stopped and production is halted after a proper plan, so as to minimize losses completely.

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