Free movement that exists in a mechanism that is not, at that time, working.
Pleadings
Formal allegations by all of the parties to an action including complaints, answers and replies to counterclaims.
Pledged account mortgage (pam)
Type of home purchase loan under which a sum of cash contributed by the owner is set aside in an account pledged to the lender. The account is drawn down during the initial years of the loan to supplement periodic mortgage payments. The effect is to reduce the payment amounts in early years.
Pledgee
Individual to whom a mortgage or property is pledged.
Pledgor
Individual who is responsible for making the payments on a mortgage on property that has been pledged.
Plenum
(1) Container designed to contain compressed gas, when the pressure surrounding the container is less than that within. (2) HVAC system accumulation and distribution chamber for connection of ducts.
Plenum system
A system of heating or air-conditioning in which the air is forced through a chamber connected to distributing ducts.
Plexiglass
Trademark for a transparent plastic material made of methyl ethacrylate, which is used on windows and the inner panes of double pane storm windows.
Pliable
(1) Easily bent or molded. (2) Flexible. (3) Easily influenced or persuaded; tractable. (4) Adaptable; readily adjusting.
