Asphalt paving for semi-flexibility, used with brick laid without mortar.
Paving machine
Machine with either tires or movable tracks that spreads and levels asphalt to a chosen depth.
Pawl
Device which, when used on a winch, contains the ratchet so that it doesn't turn, to keep the load from pulling the cable back off the spool where it is wound. The pawl moves from one ratchet tooth to the next, when the cable is turned.
Payback
The amount of time required for positive cash flows to equal the total investment costs.
Payback period
The amount of time required for cumulative estimated future income from an investment to equal the amount initially invested. It is used to compare alternative investment opportunities.
Payment bonds
Security that a contractors bills will be paid from the money given by the client, so that the client is not held liable.
Payment cap
A limit on how much the payments on an adjustable rate mortgage (ARM) can go up or down.
Payment schedule
A pre agreed upon schedule of payments to a contractor usually based upon the amount of work completed. Such a schedule may include a deposit prior to the start of work. Payments are often scheduled for the beginning of the month and allow the contractor to subcontractors and suppliers by the 10th of the month. There may also be a temporary 'holdout' at the end of the contract for any small items which have not been completed.
Peak
The upper point of a building.
Peak clipping/shaving
The process of implementing measures to reduce peak power demands on a system.
