All Definitions
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Payment Methods
Payment Methods means the specific procedures or systems, such as credit cards, debit cards, bank account transactions, or mobile money transfer facilities, by which customers execute payments.
Payment Schedule
means, for the first Contract Year, the schedule for payment of the Fee for the first Contract Year at Schedule 3 Part 1 Schedule 3 and, for each subsequent Contract Year, the schedule for payment of the Fee as is agreed by the Parties in writing in accordance with Schedule 3 Part 2;
Payment Solution
Payment Solution means an online system that facilitates and authorizes transactions between entities, through various permissible payment methods
Payrate
Payrate means the amount of monetary compensation per unit of time or piecework, to be provided for services rendered, subject to applicable regulations and [governing law].
PBIT
PBIT means the consolidated profit from business activities before interest, taxation, and unusual credit items, for a [specified period]
PCS Unit
PCS Unit means a subscriber unit abiding by DCS 1800/1900 standards with a selling price that doesn't exceed half that of a standard GSM unit in the [country of sale]. If these conditions aren't fulfilled, it's classified as a cellular unit.
PDP Reserves
PDP Reserves means Proven Reserves categorized as developed and producing under prevailing norms.
Pending Criminal Case
Pending Criminal Case means an ongoing legal process regarding unresolved charges or unfulfilled sentence, excluding probation.
Pending Decision
Pending Decision means the allotted time for submitting [offers/bids/applications] has expired and review of those has commenced