Related Words

Errors And Omissions Insurance: An insurance policy providing businesses with coverage and protection against potential lawsuits from clients or customers.

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

Prior Converted Wetland: Under the swampbuster program, these are wetlands that were converted to cropland before swampbuster was enacted on December 23, 1985, and meet wetland criteria for saturated soils or water- . . . View Full Definition

Private Health Insurance: Private health insurance – insurance plans marketed by the private health insurance industry – currently dominates the U.S. health care landscape, with approximately two-thirds of the non-el . . . View Full Definition

Private Mortgage Insurance: Private Mortgage Insurance (PMI or MI)- Insurance required to be paid for by the borrower to protect the lender in the event payments are not made on time; most often required when the loam . . . View Full Definition

Private Island: An island or beach property leased or owned by a cruise line for the specific use of its cruise passengers. Private islands typically offer an array of beach and water sports.

Price Elasticity Of Demand: The relationship between the change in the price of a commodity and the corresponding change in the quantity that is sold. If a small change in the price is accompanied by a relatively large . . . View Full Definition

Precautionary Demand (For Money): The need to meet unexpected or extraordinary contingencies with a buffer stock of cash.

Portland Cement: Cement made by heating clay and crushed limestone into a brick and then grinding to a pulverized powder state.