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Additional Bonds Test: A test for ensuring that bond issuers can meet the debt service requirements of issuing any new additional bonds.

Preliminary Scholastic Assessment Test (PSAT): A practice test for the SAT. This is usually taken in grade 10 or 11 and it gives students an idea of how they will perform on the SAT.

Prenatal Testing: Testing to detect the presence of a genetic disorder in an embryo or fetus; commonly done by amniocentesis or chorionic villi sampling.

Preadmission Testing: Medical tests that are completed for an individual prior to being admitted to a hospital or inpatient health care facility.

Pre-Employment Testing: The practice of issuing tests to potential employees on a pre-employment basis in order to determine an applicant’s suitability for a certain position. These tests may include, but are not l . . . View Full Definition

Policyholder Loan Bonds: Packaged loans acquired by policyholders that are secured by the cash surrender value of the policies, and are offered by a broker/dealer as bonds.

Post-Accident Testing: The process of testing an employee involved in a workplace accident for the presence of drugs or alcohol.

Power On Self Test (POST): A series of diagnostic tests that run automatically when you turn your computer on. The actual tests can differ depending on how the BIOS is configured, but usually the POST tests the RAM, t . . . View Full Definition

Projective Tests: Psychological diagnostic tests in which the test material is unstructured so that any response will reflect a projection of some aspect of the subjects underlying personality and psychopathology

Proxy Contest: A battle for the control of a firm in which a dissident group seeks, from the firm's other shareholders, the right to vote those shareholders' shares in favor of the dissident group's slate . . . View Full Definition