PSD

1) Purchasing strategy development. The process by which an organization defines its corporate objectives on purchasing (ie contractual agreements and business arrangements with its suppliers).

Protection by privilege

1) Statements made in Court (and parliament) are protected by privilege so that if libellous/slanderous of another person there can be no action of redress.

Projection markers

1) Red and white diagonally striped markers (end and side) to be used on vehicles carrying wide or projecting loads in accordance with the provisions of Schedule 8 of the C&U regulations.

Project Samovar

1) Part of the EU's Drive 2 initiative the aim of which is to study the effect that fitting journey data recorders (ie monitoring equipment) to vehicles has on driver behaviour - it is expected that driving standards will rise and accidents will fall.

Prohibition notice

1) Official notice (Form PG 9) issued by VI vehicle examiners when vehicle found on road in defective (ie illegal) state. Notice prohibits its further use until rectified and cleared - prosecution may also follow.

Pro-forma invoice

1) Accounting term for an invoice sent in advance to indicate to the buyer what the charges will be.