Cats And Dogs: Early redemption of a municipal revenue bond because a catastrophe has destroyed the project that provided the revenue source backing the bond.

 

Related Words

Cats And Dogs: Early redemption of a municipal revenue bond because a catastrophe has destroyed the project that provided the revenue source backing the bond.

Property Plant And Equipment: Tangible, long-lived assets acquired for use in business operations: includes land, buildings, machinery, equipment, and furniture.

Propaganda: In its original use, the term referred to a committee of cardinals the Roman Catholic church founded in 1622 (the Congregatio de propaganda fide). This group established specific educational . . . View Full Definition

Property Plant And Equipment Turnover: A measure of how well property, plant, and equipment are being utilized in generating a period's sales: computed by dividing net sales by average property, plant and equipment.

Profit and Loss Statement (P and L): Another term for the income statement.

Property, Plant And Equipment (PP and E): Assets used in the operations of a business that have a useful life greater than one year, including land, buildings, machinery, equipment, and furniture. Also known as fixed assets. See als . . . View Full Definition

Prostaglandin: A hormone-like compound with many affects including effects on the secretion of hormones and enzymes, inflammatory response, blood pressure and blood clotting.

Profit And Loss Statement: A detailed statement of income and expenses of a business that reveals the operating position of the business over a period of time. Commonly referred to a P&L.

Prime Farmland: Land that is best suited to and available for the production of food, feed, forage, fiber, and oilseed crops. It can be cropland, pastureland, rangeland, forestland, or other land. It has th . . . View Full Definition

Primary Standard: A stable, high-purity material used in titrations and other chemical analyses to prepare solutions of precisely known concentration, or to determine the concentrations of substances which re . . . View Full Definition