Also known as a Segregated Portfolio Company or SPC. A company will isolate its business dealings into seperate cells to insure they are kept safe from other issues that may […]
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PROTECTED HEALTH INFORMATION
This information can be relaesed at the patient’s request and not otherwise. It covers all of the information in a person’s file and is protected under HIPAA which keeps the […]
PROTECTED RISK
This is any property that is in the area serviced by a certain fire department. Each department will cover a different area and each risk in that particular area is […]
PROTECTED TERRITORY
This is where an agents territory is protected so that another agent is unable to encroach on the said agents teritory or area. This is guranteeed by the franchisee or […]
PROTECTION
In English law . A writ by which the king might by a special prerogative , privilege a defendant from all personal and many real suits for one year at […]
PROTECTION AND INDEMNITY INSURANCE
This is insurance coverage that will cover any harm or damage that is done to a ship’s crew and cargo due to negligence . It is carried by the owner […]
PROTECTION CLASS
This is a level of rating that is given to the amount of fire protection in an area. The rate is decided upon by the Grading Schedule of Cities and […]
PROTECTION MONEY
This is a sum of money that is paid to a gang leader or criminal that will ensure that a business is safe from attack by another gangs and criminals […]
PROTECTION OF ASSETS TRUST
This is a trust that is set up in order to protect any assets from creditors and court orders. It can be set up locally thouigh they are often set […]
PROTECTION OF INVENTIONS ACT
The statute 33 & 34 Vict. c. 27. By this act It is provided that the exhibition of new Inventions shall not prejudice patent rights, and that the exhibition of […]
PROTECTION OF TRUSTEE
Where a breach of trust has occured and the trustee has acted in an honest fashion, the trustee may be wholly or partially removed from any liability against them. This […]
PROTECTION ORDER
In English practice. An order for the protection of the wife’s property, when the husband has willfully deserted her, issuable by the divorce court under statutes on that subject.
PROTECTIONIBUS DE
The English statute 33 Edw. I. St. 1, allowing a challenge to be entered against a protection, etc.
PROTECTIONISM
This is carried out by a country in order to protect its own products against the importation of inferior and cheaper products. This is done by placing high duty tarrifs […]
PROTECTIVE CUSTODY
confining a person by a court order to protect him from being hurt by himself or from others.
PROTECTIVE ORDER
Also known as a restraining order that will protect an individual from another individuals actions. Often used in cases of spousal or partner abuse and restricts the actions of the […]
PROTECTIVE PUT
This is security option that gurantees the owner will receive a certain minimum amount of proceeds derived from sales above the exercise price . This is purchased when the owner […]
PROTECTIVE TARIFF
A law imposing duties on imports , with the purpose and the effect of discouraging the use of products of foreign origin, and consequently of stimulating the home production of […]
PROTECTIVE THEORY
a doctrine that allows a local, state or federal government to condemn more land than is needed for a project that is used to enhance and landscape the area.
PROTECTIVE TRUST
A trust created that will protect the assets of the trustor in their lifetime from the effect of the trustor declaring bankruptcy. The trustee is responsible for any interest earned […]
PROTECTOR
This is another party that is appointed to ensure that the benefactors wishes are being carried out as requested by the trustees. They don’t have alot of power but are […]
PROTECTOR OF SETTLEMENT
In English law . By the statute 3 & 4 Wm. IV. c. 74,
PROTECTORATE
(1) The period during which Oliver Cromwell ruled in England. (2) Also the office of protector. (3) The relation of the English sovereign, till I he year 1804, to the […]
PROTEST
1. A formal declaration made by a person interested or concerned in some act about to be done, or already performed, and in relation thereto, whereby he expresses his dissent […]
PROTESTANDO
L. Lat. Protesting. The emphatic word formerly used in pleading by way of protestation . 3 Bl. Comm. 311. See PROTESTATION.