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

PREFERENCE SHARE CAPITAL

Those who have invested are liable to receive payment before others, though they can forego their shareholder privileges.

PREMIUM NOTICE

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

PREMIUM OFFER

A technique in which two or more products are sold in one piece, as a bundle. Generally, a premium offer is used to increase sales of a product.

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.

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.

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

PREFERRED EQUITY

The total amount of profit, that is taken from the preferred stock of the company. The preferred equity does not take in to account any profit brought in through other investments.

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

PRE-OPENING EXPENSES

Costs that are charged before a firm actually opens for business, usually in the setting up and promotional activities.

PLEA BARGAINING

An agreement set up between the plaintiff and the defendant to come to a resolution about a case, without ever taking it to trial.

PER CAUSE DEDUCTIBLE

A term used in health insurance to calculate the amount that must be lessened from every claim that is paid to the insured party.

PLUS

An increase on the balance sheet due to positive income.

PHYTOSANITARY INSPECTION CERTIFICATE

A legal document which provides guarantee on the part of the exporting country, stating that the agricultural shipment has been thoroughly checked, and contains no plant diseases or any dangerous pests.

PHYSICAL STANDARD

A quantitave estimation taken to analyze all of the requirements which must be fulfilled for any production process to take place. For instance, the requirements of the machine, the method of calculating

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.