Set Of Contracts Perspective: View of corporation as a set of contracting relationships among individuals who have conflicting objectives, such as shareholders or managers. The corporation is a legal construct that serves as the nexus for the contracting relationships.

 

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Set Of Contracts Perspective: View of corporation as a set of contracting relationships among individuals who have conflicting objectives, such as shareholders or managers. The corporation is a legal construct that serve . . . View Full Definition

Point-Of-View Shot: A shot in which the camera is physically situated very close to a character's position: thus the resulting shot approximates the character's point-of-view.

Point-Of-Service (POS) Product: A healthcare option that allows members to choose at the time medical services are needed whether they will go to a provider within the plan's network or seek medical care outside the network.

Point-Of-Service (POS) Plan: A health plan allowing the member to choose to receive a service from a participating or non-participating provider, with different benefits levels associated with the use of participating providers.

Policy Asset Allocation: Way in which an investor seeks to assess an appropriate long-term 'normal' mix of assets that represents an ideal blend of controlled risk and enhanced return.

Point Of View Character: The central figure in a limited point of view narration, the character through whom the reader experiences the author's representation of the world. See point of view, above.

Pooling Of Interests: An accounting method for reporting acquisitions accomplished through the use of equity. The combined assets of the merged entity are consolidated using book value, as opposed to the purchase . . . View Full Definition

Position Of Equilibrium: When a reaction's equilibrium 'lies to the right', the concentrations of products will be greater than the concentrations of reactants when equilibrium is established. Conversely, an equilib . . . View Full Definition

Portfolio Opportunity Set: The expected return/standard deviation pairs of all portfolios that can be constructed from a given set of assets.

Portfolio Internal Rate Of Return: The rate of return computed by first determining the cash flows for all the bonds in the portfolio and then finding the interest rate that will make the present value of the cash flows equal . . . View Full Definition