the name that is given to the right to payment of a set share of money that has been earned from mined minerals.
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PRODUCTION POSSIBILITY CURVE
A two dimensional curve, used in macroeconomic analysis, drawan on a capital vs consumer goods graph. It is used to define the limitation of the economy when it comes to […]
PRODUCTION PROCESS
Mechanical , chemcial or other steps used to create an tool, which manufactures the final good by multiplying the units of the same item.
PRODUCTION SERVICE DEPARTMENT
Company department, which has the obligation to maintain the systems, which contribute to manufacturing .
PRODUCTION SYSTEM
Manufacturing process, including different stages of design, produce, distribute and service are known as production system .
PRODUCTIVE RESOURCES
Resources such as labor, capital and land , which contribute to production reders to as productive resources .
PRODUCTIVITY
It is an economic tool used to measure the efficiency of a worker, capital output unit, system and economy in transforming inputs into outputs.
PRODUCTIVITY AND COSTS
A macroeconomic tool used to measure the rate of inflation over a certain period of time, normally in decades. Productivity refers to the capacity to produce and cost refers to […]
PRODUCTS AND COMPLETED OPERATIONS INSURANCE
A insurance policy to safeguard the interests of all the parties in a contract, which may be compromised during the manufacturing , distribution and servicing of a certain good.
PRODUCTS LIABILITY
a term used when a manufacturer sells a product and is liable if it has not been inspected properly.
PROFANE
That which has not been consecrated. By a profane place is understood one which is neither sacred nor sanctified nor religious. Dig. 11, 7, 2, 4.
PROFANELY
In a profane manner. A technical word in indictments for the statutory offense of profanity. See Updegraph v. Com., 11 Serg. & R. (Pa.) 394.
PROFANITY
Irreverence towards sacred things; particularly, an irreverent or blasphemous use of the name of God; punishable by statute in some jurisdictions.
PROFECTITIUS
Lat. In the civil law . That which descends to us from our as- cendants. Dig. 23, 3, 5.
PROFER
In old English law . An offer or proffer; an offer or endeavor to proceed In an, action, by any man concerned to do so. Cowell. A return made by […]
PROFERT
term for producing a document in court and having the opposing party examine and read it.
PROFERT IN CURIA L
Lat. He produces in court. In old practice, these words were inserted in a declaration , as an allegation that the plaintiff was ready to produce, or did actually produce, […]
PROFESS
a term that is used to declare something publicly and to acknowledge openly.
PROFESSION
A public declaration respecting something. Cod. 10, 41, 6. In ecclesiastical law . The act of entering into a religious order. See 17 Vin. Abr. 645. Also a calling, vocation, […]
PROFESSIONAL
1. A person, who is a member of a professional body due to the education qualification and follows the prescribed moeal and prefessional code of conduct . 2. A person […]
PROFESSIONAL BODY
A group of professional from the exact profession to increase the collective bargain power of the professionals. This is done to avoid any form of exploitation of the professionals and […]
PROFESSIONAL COMPANY
Registered (licensed) or incorporated groups of professionals, proving professional services .
PROFESSIONAL CONDUCT
1. The accepted manner in which a professional will act. 2. The way a lawyer who has been admitted to the bar should act.
PROFESSIONAL CORPORATION
the name that is given to a corporation that has been created for the practice of a profession.
PROFESSIONAL DEVELOPMENT
Development of the quality of professionals, or skilled labor force , through access to education and re-training. This leads to increased efficiency and productivity of the work force.