Latin: In Roman law. Such private property as might be held by a slave, wife, or son who was unuer the patria potest as, separate from the property of the father or master, and in the personal disposal of the owner. Peculium castrense. In Roman law. That kind of peoulium which a son acquired in war. or from his connection with the camp, (castrum.) Heinecc. Elem. lib. 2, tit. 9, … [Read more...] about PECULIUM
P
PBT
Profit Before Tax … [Read more...] about PBT
PECUNIA
Lat. Originally and radically, property in cattle, or cattle themselves. So called because the wealth of the ancients consisted in cattle. Co. Litt. 2076. In the civil law. Property In general, real or personal; anything that Is actually the subject of private property. In a narrower sense, personal property; fungible things. In the strictest sense, money. This has become the … [Read more...] about PECUNIA
PAYER, OR PAYOR
One who pays, or who is to make a payment; particularly the person who is to make payment of a bill or note. Correlative to "payee." … [Read more...] about PAYER, OR PAYOR
PEACE
As applied to the affairs of a state or nation peace may be either external or internal. In the former case, the term denotes the prevalence of amicable relations and mutual good will between the particular society and all foreign powers. In the latter case, it means the tranquility, security, and freedom from commotion or disturbance which is the sign of good order and harmony … [Read more...] about PEACE