Commercial Terms

Business Letters Index


Commercial Terms starting with P.





Par : A stock or bond selling for exactly the amount expressed upon its face is called par. When selling at a profit, it is said to be at ‘Above Par’, when selling at a loss, it is called ‘Below Par’.


Par of Exchange : The value of a country’s money in that of the other, comparing gold with gold and silver with silver.Par value: In the case of bonds and stocks, the face value appearing on the certificate is the par value.


Patent : It is an exclusive right granted under the Patents Act to the inventor of a new useful technical invention.


Payee : The person named on a cheque, bill of exchange or other document, who is t receive payment.


Policy : in insurances, 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 if merchandise.


Power of attorney : A document authorizing a person to act legally for another.


Proforma : Used to describe in accounting, financial and other statements or conclusions based upon assumed or anticipated facts. A type of specimen.


Pro rata : In proportion to respective rights or liabilities.


Commercial Terms beginning with...


A | B | C | D | E | F | G | H | I | J | K | L | M

N | O | P | Q | R | S | T | U | V | W | X | Y | Z




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