Pay equity – in the sphere of Labor Law, this legal phrase is used to detail a situation where the salaries of the employees within a concrete company are almost the same rate, without difference of their skills, work experience,…

Payee – In term of Business Law in most legal systems, this term refers to the figure of the person to whom payment is addressed or given, by the payer (who makes payment against job done to them, or for…

Pay compression – in terms of Labor Law, this legal phrase details a concrete situation where the salaries of the employees are almost the same, without difference of their skills, work experience, etc. Usually the sale rate of salary is…

Paycheck – this term in the sphere of Banking Law details a specific payment instrument, issued by the payer towards the payee, as a valid remuneration for some performed job, or towards the seller for purchased item or service. The…

Payable on demand – in terms of Commercial Law, this legal phrase refers to issued promissory note, order or check, which should be paid once a demand for payment has been made towards the payer. Usually the instrument should be…

Pawnbroker – in terms of Law of contracts this term describes the legal figure of licensed professional, who holds movables owned by the debtor, but pledged in favor of their creditors (could be in favor of the pawnbroker if they…

Pawn – in terms of Law of contracts this term details a security, achieved via establishing a burden on the movable assets of the debtor. Briefly the valuable asset has been handled to licensed pawnbroker for temporary hold for the…

Paulian claim – within the area of Court Trials, this term details a specific civil claim, available in many legal systems, submitted against third parties, to whom assets of the debtor have been transferred in order to reduce intentionally the…

Patron – in the sphere of Commercial Law this term means “permanent client”.

Patrimony – in the sphere of Family Law and Inheritance Law, this term details the legal right of inheritance (i.e. the related part of distribution of the assets left by the decedent person), which inheritance right rises with the birth…