Terms starting with P
Pre-Seed Funding refers to the initial stage of capital-raising for a startup or an entrepreneur's new venture. This phase occurs typically before the business has fully operational products or services...
A Private Placement Memorandum (PPM) is a legal document provided by companies to prospective investors when raising capital through the sale of securities or interests in a business entity. This...
Priced Round generally refers to a specific stage in venture capital financing or fundraising for a startup where the investment amount and the valuation of the company are clearly defined...
Post-Money Valuation refers to the valuation of a company immediately after the most recent round of financing. This valuation includes the amount of capital injected by investors. The definition of...
In the context of investment and finance, the term Portfolio Company refers to a company or entity in which a venture capital firm, private equity firm, or investment fund owns...
Principal in the context of insurance, has a specific definition and meaning that is crucial to understanding various insurance policies and agreements. The term "Principal" may refer to the main...
Pre-Money Valuation refers to the value of a company prior to an investment or financing round. This valuation is crucial for investors and entrepreneurs alike as it determines the price...
Participating Preferred is a term often used in the context of insurance and investment, particularly in venture capital scenarios. The definition of Participating Preferred refers to a type of preferred...
Preferred Stock is a class of ownership in a corporation that has a higher claim on its assets and earnings than common stock. Preferred shares generally have a dividend that...
A Profit and Loss Statement Template refers to a pre-formatted document used by businesses to calculate and display their financial performance over a specific period, typically a quarter or year....
Patent invalidity is a legal concept that challenges the validity or enforceability of an issued patent. The definition of patent invalidity encompasses various grounds on which a patent can be...
Pre-litigation advisory refers to the guidance and strategies provided by legal professionals to individuals or organizations before formal legal proceedings are initiated. This term may refer to the process of...
Professional Misconduct refers to inappropriate or unethical behavior by a professional in their conduct of their duties or in their business operations. The definition of professional misconduct can vary by...
Prior Acts Coverage, in the realm of insurance, holds a critical definition that serves to protect an insured party against claims made for incidents that occurred before the policy's effective...
Performance Warranty is a promise or guarantee made by an insured party to an insurer, stating that certain conditions, actions, or protocols will be adhered to. These warranties are often...
Patent infringement is a serious legal issue that occurs when someone makes, uses, sells, offers to sell, or imports a patented invention without permission from the patent holder. The definition...
Professional Negligence, in its essence, refers to the failure of a professional individual to perform their duties to the standard required by their profession, resulting in harm or loss to...
Pharmaceutical IP, or pharmaceutical intellectual property, refers to the legal rights granted to individuals or organizations over their innovations and creations in the field of pharmaceuticals. This term may refer...
Policy Endorsement refers to an amendment or addition to an existing insurance contract which changes the terms or scope of the original policy. An endorsement may add, remove, or alter...
A product liability claim is a legal action brought against a manufacturer, distributor, or seller of a product for injuries or damages caused by that product. The definition of a...
Productivity Suites refer to a collection of software applications bundled together to provide users with a comprehensive set of tools for document creation, data analysis, communication, and project management, among...
Products and Completed Operations may refer to two different types of insurance coverage. Products coverage, or products-completed operations coverage, is a form of commercial liability insurance that protects a business...
Policy Limits refer to the maximum amount an insurance company will pay under a policy for a covered loss. The definition of Policy Limits sets the financial cap on the...
A Privately Held Corporation is a type of business entity that is owned by private individuals or groups of private individuals, rather than by the government or the public at...
Privacy Liability refers to the legal responsibility and potential financial repercussions an organization faces when it fails to protect sensitive personal information from unauthorized access, use, or disclosure. This concept...
Property Damage is a broad term that may refer to any physical damage that has been done to a person's property, whether it be tangible or intangible. Property damage can...
Personal Injury may refer to an injury that is inflicted on an individual’s body, mind or emotions, as opposed to an injury that is inflicted on property. Personal Injury is...
The term Principles of Indemnity may refer to the underlying principles of insurance contracts that seek to restore an insured individual or company to the same financial position they were...
The Principle of Indemnification is the legal concept that is used to determine the amount of compensation that an insured party may receive from an insurance provider when they suffer...
Premium, in the context of insurance, refers to the amount of money that an individual or a business must pay for an insurance policy. The definition of 'premium' in insurance...
A Package Policy in the insurance industry is a comprehensive insurance solution that combines multiple types of coverage into a single policy. The definition of a Package Policy typically refers...
The term "Period of the Policy" in insurance is a fundamental concept that defines the duration for which an insurance policy provides coverage. The definition of 'Period of the Policy'...
"Public Adjuster" is a licensed individual or firm that agrees to work on behalf of a policyholder for a percentage fee to help adjust the claim with an insurance claims...
The Preventative Shutdown Endorsement (PSE) may refer to an insurance policy provision that provides coverage for business interruption losses caused by the preventative or precautionary shutdown of a business. The...
Part-Time Employment Law may refer to the various laws, regulations, and policies that govern the rights and responsibilities of employers and employees who are employed in a part-time capacity. Generally,...
Policy Limit may refer to the maximum amount of coverage provided under an insurance policy. This amount is typically determined by the insurance company at the time of issuance and...
A Pitch Deck is a presentation typically used by entrepreneurs to present their business idea to potential investors. It may refer to an organized collection of slides that present a...
Professional Negligence Law may refer to a field of law that deals with the legal consequences of professional negligence or malpractice. It is a specialized area of tort law that...
Punitive Damages, a term frequently encountered in legal and insurance contexts, play a pivotal role in civil litigation. The definition of 'Punitive Damages' refers to monetary compensation awarded in lawsuits,...
"Prior bad acts," within the realm of Directors and Officers (D&O) insurance, pertains to wrongful actions or omissions that occurred before the inception of a D&O insurance policy. The definition...
Prior Acts may refer to a concept in insurance law, specifically a type of insurance called Directors and Officers (D&O) liability insurance. D&O insurance protects directors and officers of organizations...
Per Claim Limit is a key term used in Directors and Officers (D&O) insurance policies. It may refer to the maximum amount the insurer will pay for any one claim...
Prior Knowledge may refer to the knowledge an individual or entity had of a potential event or loss before the event occurred. In the context of Directors and Officers (D&O)...
Protection and Indemnity Insurance, often referred to as P&I Insurance, is a specialized form of marine liability insurance that provides coverage for a wide range of risks faced by shipowners,...
Permanent partial disability, in the realm of commercial insurance, refers to a long-term impairment or loss of bodily function that affects an individual's ability to perform certain tasks or activities....
The definition of Probable Maximum Loss (PML) refers to the estimated maximum loss that an insured property or asset is likely to incur in the event of a worst-case scenario....
Primary and noncontributory, in insurance terminology, is a clause typically found in liability insurance policies. It’s an agreement between two insurance policies where one policy is designated as the primary...
Physical impairment, in the realm of commercial insurance, refers to a condition that affects an individual's physical abilities, functions, or mobility. It refers to a limitation or loss of bodily...
A participating policy, in the realm of commercial insurance, refers to an insurance policy that provides policyholders with the opportunity to share in the financial success of the insurance company....
Payor benefit is a term commonly used in life insurance policies. Certain events that limit the policyholder’s ability to pay premiums — such as disability, death, and unemployment — trigger...
Pure risk insurance, also known as pure risk coverage, is a type of insurance that protects against losses from uncontrollable events. Pure risk involves situations where there is a chance...
A professional employer organization (PEO) is a specialized company that partners with businesses to manage certain aspects of human resources, employee benefits, payroll administration, and other employment-related functions. By collaborating...
A participating provider, in the context of insurance, refers to a healthcare professional or facility that has entered into an agreement with an insurance company or a managed care organization...
Products completed operations, within the realm of insurance, refers to a specific coverage term that may refer to the liability risks associated with products and completed work. It is a...
Protection classes, an essential aspect of property insurance underwriting, pertain to the evaluation and rating of a property's risk exposure based on its location and proximity to fire protection services....
Pro rata cancellation, a term commonly used in the insurance industry, refers to the termination of an insurance policy before its expiration date, where the insurer returns the unearned premium...
Covers fees and assessments that your company becomes legally obligated to pay due to claims involving your company's non compliance with PCI Data Security Standards.
Private equity may refer to investments that are not publicly traded on a stock exchange. Private equity is a form of capital that private investors or firms provide to companies...