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Acquisition Of Stock: A merger or consolidation in which an acquirer purchases the acquiree's stock.

Positive Covenant (Of A Bond): A bond covenant that specifies certain actions the firm must take. Also called an affirmative covenant.

Post Office Protocol (POP): POP (Post Office Protocol) was the recommended method for accessing your mail before IMAP (Internet Message Access Protocol). POP is a basic store and forward mail handling system. When you . . . View Full Definition

Positions Of The Feet: The basic five positions of the feet on the floor were set down by the dancing master Pierre Beauchamp in the late 17th century. Two more positions were introduced by Mr. Serge Lifar during . . . View Full Definition

Positions Of The Arms: There are two basic positions for the arms. In one, the dancer keeps the fingers of both arms almost touching to form an oval shape, either almost touching the hips, or at navel level, or ra . . . View Full Definition

Poultry Products Inspection Act Of 1957: P.L. 85-172 (August 28, 1957), as amended by the Wholesome Poultry Products Act of 1968 (P.L. 90-492, August 18, 1968), requires USDA to inspect all 'domesticated birds' when slaughtered and . . . View Full Definition

Poverty Of Speech: Tends to occur in severe depressive states The inability to start or take part in a conversation, particularly small talk. This is a very common symptom in schizophrenia and prevents people . . . View Full Definition

Pre-Tax Earnings Or Profits: Net income before federal income taxes are subtracted.

Power-Of-Sale Clause: A clause in a mortgage authorizing the holder of the mortgage to sell the property in the event of the borrowers default. The prodeeds from the public sale are used to pay off the mortgage d . . . View Full Definition

Power-Of-Attorney: A written instrument authorizing a person, the attorney-in-fact, to act as the agent on behalf of another to the extent indicated in the instrument.