Business Words Beginning With P :
Par Value : In the case of bonds and stocks, the face value appearing on certificate is the par value.
Patent : A patent is an exclusive right granted under the patent act to the inventor of a new useful technical invention.
Patent Infringement : Unauthorised use, sale or manufacture of a patented article
Payee : The person named on a cheque, bill of exchange or other document who is to receive payment.
Petty Cash : A cash held for small disbursement : It is also termed petty fund.
Plaintiff : One who brings a suit in a court of law
Pledge : It is a bailment of personal property by the owner to another as security for a debt
Policy : In insurance, it is the contract between the insurer and the insured setting forth the various terms and conditions of the contract
Pool : A combination formed to control the price of merchandise
Post-Dated : date of a cheque or other document which bears a date subsequent to the date of delivery
Power of Attorney : A document authorizing a person to act legally for another.
Pre-Paying : Paying before the date on which payment is due
Price : The amount of money which expresses exchange value of single unit of goods as 1000 grams or one kilo of tea leaves
Proforma : Latin for FOR THE SAKE OF FORM : Used to describe in accounting financial and other statements or conclusions based on assumed or anticipated facts
Pronote : Written promise to pay on demand or at a specified future time to a person specified on his order
Pro-Rata : In proportion to respective rights or liabilities
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