Lat In old English law . By the living voice; the same with viva voce. Bract fol. 95.
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P
PER YEAR
in a contract, is equivalent to the word “annually.” Curtiss v. Howell, 39 N. Y. 211.
Per-Occurrence Limits
A cap on the amount an insurance company pays under a policy for all claims arising from a single accident.
PERAMBUEATIONE FACIENDA, WRIT DE
In English law . The name of a writ which is sued by consent of both parties when they are in doubt as to the bounds of their respective estates. […]
PERAMBULATION
The act of walking over the boundaries of a district or piece of land, either for the purpose of determining them or of preserving evidence of them. Thus, in many […]
PERCA
A perch of land; sixteen and one-half feet. See PEIICH.
PERCEIVED QUALITY
The opinion of a consumer as to the quality of a certain product. It does not determine the actual quality of the product, just the customer’s opinion of it.
PERCEIVED RISK
The level of uncertainty of a consumer, depending upon whether the purchase he/ she is making will be worth it or not. The perceived risk is higher when a more […]
PERCEIVED VALUE
The opinion of a consumer depicting the overall value of the product for themselves. It might not be connected in anyway to the actual value of the product.
PERCENT
A fraction of 100. Usually, percentages are calculated by dividing 1/100 with the given value. The symbol used is %.
PERCENT CHART
A chart used to measure the quality control and calculate the stability of any process involved in the quality control .
PERCENT VOLATILE
The percentage volume of any substance in liquid or solid state , and by how much it would evaporate at the standard, ambient temperature . For instance, gasoline is regarded […]
PERCENTAGE
Any fraction expressed with 100 as the fixed denominator.
PERCENTAGE COMMISSION
the term that is used for the money that is received by a broker that is based on a percentage of a price fro selling.
PERCENTAGE COMPENSATION
the term that applies to money paid to a trustee based on profits earned by business administrators.
PERCENTAGE DEPLETION
a term used for the percentage of tax payer’s gross income that comes from oil or gas wells or natural deposits.
PERCENTAGE LEASE
When the rental amount is calculated at a certain fraction of the sales that are generated by the leased property, that commercial lease is known as a percentage lease .
PERCENTAGE OF COMPLETION METHOD
A method used for recognizing the revenue gained on any contract that has been completed over more than a single period of accounting. This method is appropriate when the total […]
PERCENTAGE OF LOSS DEDUCTIBLE
When deductable increases the same percent as loss incurred. This preserves and increases risk retention .
PERCENTAGE OF SALES METHOD
A general method of predicting the requirements of cash, commonly done by expressing the expenses and the revenue as a percentage of the sales, and then using the percentage as […]
PERCENTAGE PARTICIPATION
An agreement which states that the insured party, as well as the insurer will be liable to pay a certain portion of the losses, which must be agreed beforehand in […]
PERCENTAGE TEST
A simple test which is used to determine whether any approved plan will provide benefits to at least 70 percent of the employees that are towards the lower end of […]
PERCENTILE
Any number that is used to determine the percentage position with a number of data samples. For instance, if the performance of an employee is at the 57th percentile, then […]
PERCEPTION
Taking into possession. Thus, perception of crops or of profits is re- ducing them to possession.
PERCEPTUAL MAPPING
A research technique used in marketing in which the views of consumers are plotted and then charted on a map. Various questions are asked, and then the results are used […]