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

POSTDATED CHECK

A check whose date lies within the near future. A post dated check can be cashed in on the future date.

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

POSTERIOR PROBABILITY

The amount of chance of an occurring event, which generally changes with the happening of new events. The posterior probabilty is commonly applied in finance in order to predict the fall or

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.

POST-MONEY VALUATION

When a firm is valued after a sale and when new shares are issued, it is called post money valuation. Generally taken by multiplying the total amount of outstanding shares with the

POSTNUPTIAL AGREEMENT

An agreement formed between a married couple, generally to provide specification regarding the division of assets in case the couple get separated or divorced.

POSTRETIREMENT BENEFITS

Compensation or extra funds that are allocated to a person’s account for the services they rendered to any institution or organization, once they have stopped working.

POSTSCRIPT

The primary language set out by Adobe, known as the Page Description Language, which is used to map images, text and different kinds of animations on a computer’s screen. It can also

POT LIFE

The period of time for which a couple of different reactive chemicals can be used, after they have been mixed together.

POTENTIAL DEFAULT

Any case in which the borrower might default on their payments in the future. The term can be used to refer to a borrower who has a higher probability of defaulting.

POTENTIAL DOSE

A potential dose is the total amount of chemical that is present within any substance (liquid or solid) that has been swallowed by an individual.

POTENTIAL MARKET

A potential market is one in which the individuals exhibit a liking, or preference towards a certain product.

POTENTIAL OUTPUT

The projected GDP that can be produced if all the resources within an economy were put to full use.

POTENTIAL TERMINATION LIABILITY

The total amount of money which needs to be paid to any contracting party that fails to perform to the injured, or aggrieved party.

POTENTIATION

The coupled action produced by two chemicals; usually greater than the amount of action produced individually.

POUR OVER WILL

A special situation under which trust is created between two or more partices, and it also includes the transfer of the assets of a will maker in to an already created trust.

POUR POINT

The lowest temperature at which any liquid will remain in its liquid form.

POVERTY

A term used to denote a condition in which people are unable to meet their basic necessities, due to lack of money or skill. There are two primary terms used to denote

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