| Policyholder |
The person taking out an insurance policy.
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| Postponement |
A creditor’s endorsement on a mortgage to the effect that he/she will accept more mortgages ranking higher than his/her own.
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| Power of attorney |
An agreement authorising the attorney to act on behalf of the principal. A power of attorney is often in writing but can also be part of a job description or it can be verbal, cf. sections 10 - 27 of the Danish Contracts Act.
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| Power of attorney (Household goods) |
A spouse’s right to buy goods on credit for the household or children’s necessaries so that both spouses are liable for the debt. A power of attorney (household goods) is also a wife’s right to buy on credit to cover her own (usual) needs, cf. section 11 of the Danish Legal Effects on Marriage Act.
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| Power of attorney in respect of probate and private administration of estate |
Power of attorney issued by a beneficiary in the estate of a deceased person. The power of attorney concerns the administration of the est
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| Power of procuration |
Power of attorney. The designation is used about a power of attorney in business matters.
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| Practising certificate |
Permission to practise law. The permission is granted by the Danish Ministry of Justice.
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| Precedent |
An earlier decision in a similar case.
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| Preferential claim |
Claim to be covered before ordinary unsecured claims in insolvency proceedings.
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| Preliminary statutory hearing |
A person charged by the police with an offence cannot be held under arrest for more than 24 hours. Before the expiration of this time-limit, the person concerned must be brought before a court if the police want him/her to remain arrested or imprisoned. This court hearing is called a preliminary statutory hearing. At this hearing, the judge will make a decision on the wish of the police.
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| Pre-preferential claims |
Claims arising in connection with the administration of an estate in bankruptcy or an insolvent estate of a deceased person. Pre-preferential claims are to be covered first but, in the case of the estates of deceased persons, after reasonable funeral expenses.
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| Prescriptive right |
If, during a period of twenty years or since time immemorial, a person has disposed of something without being allowed to do so, the person concerned may in certain circumstances acquire the right to continue this practise, cf. 5-5-1 and 2 of the Danish Law of King Christian V. However, this requires that the person concerned to some extent acted in good faith.
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| Preservation notice |
An easement containing provisions concerning the preservation of a listed property or a property worthy of preservation.
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| Preservation of evidence |
If an owner of an intellectual property right (rights holder) is of the opinion that his/her right is infringed by another person or business, the rights holder may request the enforcement court to assist with obtaining evidence of the infringement. The enforcement court may, for example, seek to obtain evidence that the defendant makes copies of the rights holder’s products.
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| Presumption |
Alternative term for supposition.
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| Presumption of negligence |
The person causing the loss must prove that he/she has not acted in a way giving rise to liability.
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| Preventive certificate |
In certain circumstances, the registry office may permit that a piece of land be segregated from a property without permission from the creditors.
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| Primary claim |
The outcome that the party would prefer.
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| Principal |
The amount originally borrowed. This amount is usually the amount entered into the land register.
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| Principal |
The person issuing a power of attorney to someone.
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| Principle of immediacy |
Administration of justice rule to the effect that the production of evidence is normally to be made to the judges who are to hear the case.
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| Principle of open justice |
The principle that meetings in court are public (as a principal rule).
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| Privileged will |
A will made without compliance with the usual formal requirements. Nevertheless, the will is valid if, as a result of illness or any other emergency, the maker is prevented from making a notarial will or a will attested by witnesses. The will ceases to exist three months after the obstacle no longer exists. The maker may therefore, within three months after the obstacle has stopped, make either a notarial will or a will attested by witnesses, cf. section 44 of the Danish Inheritance Act.
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