Bonus Plan: An incentive pay plan which awards employees compensation, in addition to their base salary, for achieving individual or group performance and productivity goals.

 

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Bonus Plan: An incentive pay plan which awards employees compensation, in addition to their base salary, for achieving individual or group performance and productivity goals.

Plant: The assets of a business including land, buildings, machinery, and all equipment permanently employed.

Planning Horizon: The length of time a model or investor or plan projects into the future.

Planned Unit Development (PUD): A relatively modern concept in housing designed to produce a high density of dwellings and maximum use of open spaces. This efficient use of land allows greater flexibility for residential l . . . View Full Definition

Planned Financing Program: Budgeted or projected ways need for reasons or to obtain short-term and long-term financing as outlined in the corporate financial plan.

Plant Hardiness Zones: The USDA has divided North America into 11 hardiness zones based on average annual minimum temperatures. Horticulturalists and nurseries rate plants by their hardiness: the hardiness zone ma . . . View Full Definition

Plant Regulator: A chemical that affects the physiological behavior of plants, for example through accelerating or retarding the rate of growth or maturation of produce. Typically the definition of plant reg . . . View Full Definition

Plant Quarantine Act: Originally enacted in 1912, this Act gives the Animal and Plant Health Inspection Service authority to regulate the importation and interstate movement of nursery stock and other plants that . . . View Full Definition

Plant Quarantine: A technique for insuring disease (and pest) free plants by isolating them during a period while performing tests for latent diseases. Often used when importing new cultivars.

Planned Capital Expenditure Program: Budgeted or projected outlays for major expenditures on permanent or fixed assets as outlined in the corporate financial plan.