The price level, that is dependent on the market and the product, either side of which volume of sales experiences a drastic change.

The determination of the selling price of a product that takes into account the average cost of production

The company’s ability to raise the price of a product without affecting its demand. A company that prodces a product that is unique or faces little competition has a high […]

The steps or strategies implemented by firm’s to determine the optimum price of a product. It includes an understanding of the marketing objectives, the pricing of its competitors. Product attributes, […]

In England, when the yearly list of persons nominated for the office of sheriff is submitted to the sovereign, he takes a pin, and to insure PRICKING NOTE 938

Where goods intended to be exported are put direct from the station of the warehouse into a ship alongside, the exporter fills up a document to authorize the receiving the […]

Such as arise merely and immediately from the ground ; as grain of all sorts, hops, hay, wood, fruit, herbs. 2 Bl. Comm. 23; 2 Steph. Comm. 722.

Lat. In the civil law . Land; an estate; a tenement; a piece of landed property. See Dig. 50, 1G, 115.

Lat. In Roman law. A robber. See Dig. 50, 17, 120.

Lat. Aforesaid. Sometimes abbreviated to “prcefat,” and “p. fat.”

The mayor of a town.

In old English law . A preparatory oath.

A minister of a church. A person in the second order of the ministry, as distinguished from bishops aud deacons.

Lat. In Roman law. “Prcestare” meant to make good, and, when used in conjunction with the words “dare,” “facere,” “oportere,” denoted obligations of a personal character, as opposed to real […]

the offense called “prcemunire” being the introduction of a foreign power into the king- dom, and creating imperium in impcrio, by paying that obedience to papal process which constitutionally belonged […]

Lat. A pretext; a pretense or color. Prcetcxtu cuius, by pretense, or under pretext whereof. 1 Ld. Raym. 412.

whereof. 1 Ld. Raym. 412. PRiETOR. Lat In Roman law. A municipal otlicer of the city of Rome, being the chief judicial magistrate , and possessing an extensive equitable jurisdiction […]

Lat. In the civil law . An imperial prerogative by which the emperor exercised the right of naming to the first prebend that became vacant after his accession, in every […]

Lat. At first sight; on the first appearance ; on the face of it; so far as can be judged from the first disclosure ; presumably. A litigating party is […]

The prosecutor examination of evidence in a criminal hearing is said to be prima facie if the presented evidence is sufficient for a conviction . If the defendant is able […]

An evidence that is (1) an established fact but not conclusive, or (2) supportive of a judgement until the presentation of contradictory evidence.

The first mowing; a grant of a right to have the first crop of grass. 1 Chit. Pr. 181.

The main insurer on a policy. Refer to apportionment , divided cover , overlapping insurance , and pro rata.

The reliance of the interviewer on first impressions which is used to judge the interview.

In mercantile law . A small allowance or compensation payable to the master and mariners of a ship or vessel; to the former for the use of his cables and […]