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

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.

PREFERRED PROVIDER ORGANIZATION (PPO)

A group of different personnel who are ready to provide treatment to members of the group for a preset fee. It is usually another option as compared to a HMO network, which

PREFERENTIAL LOAN

An initiative taken by the government in order to bring about an increase in the capital investment. This is done generally in poorly developed areas.

PREEMPT SPOT

Booking a certain slot for a TV commercial, etc. in advance. It can be switched in case another advertiser decides to pay full money for a certain slot.

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 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.

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

PREMIUM NOTICE

A notice issued in order to provide the exact date on which a premium will become payable.

PRENUPTIAL

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

PREMIUM RECEIPT

A receipt given out to a policy holder, by the insurer or an agent on behalf of the insurer, which provides confirmation that payment has been received.

PREMATURITY

A situation in which the claim launched by the plaintiff hasn’t fully grown to become an actual claim.

PRECYCLE

A method of waste reduction in which materials that have been discarded are set apart on their level of recyclability.

PREDATORY LENDING

The use of several methods of lending, usually shady, which are used to gain unlawful benefits from borrowers.

PETROCHEMICAL

A chemical produced from either the cracking or any type of processing of petroleum oil, or natural gas/ methane. Examples include benzene, ethane, ethylene, etc.

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