Proposal and quotation
The document that asks for the business. A contract in waiting.
Business A to Z
Every trade has words it uses without explaining. In business the cost of not knowing one is real: some of them are ordinary jargon and some of them are a decision that can take a house. Five hundred of them, in plain English.
Please note: This page explains what a term means. It is general information, not legal, financial, tax or investment advice, and it does not know anything about your business. Before you sign, file or commit to anything, check it with an accountant, a solicitor, or the official guidance we link to.
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46 terms filed under P, showing 41–46 (page 5 of 5).
P
PSC
Also called Person with significant control, Beneficial owner
Anyone who ultimately owns or controls a company, recorded on a public register.
Public liability insurance
Cover for injury or damage caused to third parties.
Public relations
Earned coverage rather than paid. Slower, cheaper and more credible.
Purchase ledger
The record of what you owe suppliers, and the controls around paying it.
Purchase order
A customer's formal instruction to supply. Often the thing that makes an invoice payable.
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