Accord And Satisfaction: The settlement of an obligation. An accord is an agreement by a creditor to accept less than bargained for from a debtor. The creditors acceptance of the accord constitutes satisfaction of the debt.

 

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Accord And Satisfaction: The settlement of an obligation. An accord is an agreement by a creditor to accept less than bargained for from a debtor. The creditors acceptance of the accord constitutes satisfaction of the debt.

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.

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

Prostaglandins: A class of fatty acids that has many of the properties of hormones; synthesized and secreted by many body tissues and have a variety of effects on nearby cells.

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

Prostate Gland: A gland that is located near and empties into the urethra; produces a secretion that enhances sperm viability. Gland involved in the reproductive system in males, the prostate secretes a spe . . . 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.