A procedure that rewards the defendant’s positive attitude, instead of focusing on his wrongdoing and punishing him for it.
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PREVENTIVE INJUNCTION
a restraining order stopping a person from acting that differs from an affirmative injunction that makes them act. See restraining order.
PREVENTIVE JUSTICE
The system of measures taken by government with ref- erence to the direct prevention of crime. It generally consists in obliging those persons whom there Is probable ground to suspect […]
PREVENTIVE MAINTENANCE
The prevention of major failures by correcting, detecting minor problems in the system. It is different from corrective maintenance.
PREVENTIVE REMEDY
a remedy preventing a violation to a right being carried out.
PREVENTIVE SERVICE
The name given in England to the coast-guard , or armed police, forming a part of the customs service, and employed In the prevention and detection of smuggling. Previous intentions […]
PREVIOUS QUESTION
In the procedure of parliamentary bodies, moving the ” previous question ” is a method of avoiding a direct vote on the main subject of discus- sion. It is described […]
PREVIOUSLY
An adverb of time, used in comparing an act or state named with another act or state, subsequent in order of time, for the purpose of asserting the priority of […]
PRffiFINE
The fee paid on suing out the writ of covenant , on levying fines, before the fine was passed. 2 Bl. Comm. 350.
PRffiVENTO TERMINO
In old Scotch practice. A form of action known in the forms of the court of session , by which a delay to discuss a suspension or advocation was got […]
PRICE
The consideration (usually In money) given for the purchase of a thing. It is true that “price” generally means the sum of money which an article is sold for; but […]
PRICE ANALYSIS
The process of evaluating bids based on (1) comparison of the quotes, (2) Comparison of quotes across different time periods, (3) Comparison with the estimates of its own costs and […]
PRICE AND AVAILABILITY (P&A) DATA
An estimation of the cost and shipment date of all the goods or services that are associated with a particular project. This aids in the study of the project.
PRICE AND AVAILABILITY (P&A) STUDY
A detailed comparison and analysis of price and availabilty data.
PRICE BREAKDOWN
The total cost incurred for a good or services that is broken down into its separate elements such as labor, shipping, etc. The situation in which an estimate is required […]
PRICE CEILING
The maximum permissible price for a product or service.
PRICE COLLUSION
The illegal process that is deemed a criminal offence wherein a number of companies raise the price of a good to make larger profits. This is undertaken so that external […]
PRICE COMPETITION
The price competition between suppliers that supply similar goods.
PRICE COMPRESSION
When a bond price is close to its call redemption price.
PRICE CONSCIOUS
Buys who are always on the lookout for the cheapest prices.
PRICE CONTINUITY
A liquid market feature where the difference in prices between transactions is minimal. Each undertaken trade will result in a price movement that will determine the price for the forthcoming […]
PRICE CONTROL
A price ceiling determined by the Government on essential goods and services to keep the cost of living under check. It was a common measure in the late 20th century. […]
PRICE DETERMINATION
The interaction between the demand and supply in the free market that is used to determine the costs for a goods or service.
PRICE DISCOVERY
The methods buyers and sellers use to determine the price of an asset.
PRICE DISCRIMINATION
The sale of a product to various buyers that is dependant on the size of the purchase order and/or their jurisdiction .