The administrative branch of the U.S. Department of Commerce that manages federal patent and trademark laws, examining and issuing all U.S. patents and trademarks. … [Read more...] about PATENT AND TRADEMARK OFFICE (PTO)
P
PASS THROUGH TAXATION
As opposed to C corporations, the ability to have income pass through sole proprietorships, partnerships, S-Corporations and other entities so that the income may be included in the income taxes of the owners of the business. This is as opposed to regular corporations which are taxed on profits and dividends received by shareholders are taxed on the shareholders' tax returns. … [Read more...] about PASS THROUGH TAXATION
PASSPORT
A document issued by a country's government which identifies the bearer as a citizen of that country with the rights to leave and enter the country and which are granted to its other citizens. In international law. A document issued to a neutral merchant vessel, by her own government, during the progress of a war, and to be carried on the , voyage, containing a sufficient … [Read more...] about PASSPORT
PATENT CLAIM
A part of a patent application where the invention is described in detail and uses an established style and precise wording and terminology. The patent claim is used by the U.S. Patent and Trademark Office (PTO) to determine whether the invention is able to be given patent protection. … [Read more...] about PATENT CLAIM
PASSAGE
A way over water; an easement giving the right to pass over a piece of private water. Travel by sea; a voyage over water; the carriage of passengers by water; money paid for such carriage. Enactment; the act of carrying a bill or resolution through a legislative or deliberative body In accordance with the prescribed forms and requisites; the emergence of the bill in the form of … [Read more...] about PASSAGE