Payment for goods and services made in the form of other goods and services rather than cash or other forms of money.
An exploration of the various means of payment employed by customers, including cash, check, money order, or credit card, and additional details regarding customer records and claims paid.
A detailed explanation of the payoff amount in loans, including prepayment penalties, types, calculations, and considerations.
Comprehensive coverage of the concept of payout, its definition, types, examples, historical context, applicability, and related terms.
The Payout Ratio underscores the proportion of a company's earnings allocated to shareholders in dividends, providing insights into financial health and dividend policies.
Payroll refers to the total amount a business pays its employees during a specific period, as well as the list of employees and their respective compensation. It includes salaries, wages, bonuses, and deductions.
A detailed explanation of payroll deductions, their types, purposes, and implications for employees and employers.
Detailed explanation of payroll periods, including definitions, types, applicability, and related terms in employment and tax contexts.
An arrangement between employer and employee where a specified amount of money is deducted from the employee's pay and invested in stocks, bonds, or other investments.
An in-depth look at Payroll Taxes, covering definitions, types, examples, historical context, applicability, comparisons, related terms, FAQs, and more.
Comprehensive guide to Payroll Withholding, covering types, legal aspects, examples, and the significance in corporate and individual finance.
An in-depth look at PBGC guaranteed benefits, explaining their importance, limitations, and the protection they provide to retirees.
A comprehensive understanding of 'Peak,' the high point of the business cycle, including its significance and examples.
An in-depth exploration of the term 'pecuniary' focusing on its definition, types, historical context, and applicability.
A pecuniary bequest refers to a sum of money given to an heir by a decedent through a will or estate plan.
PEFCO, or Private Export Funding Corporation, was established by the U.S. government to facilitate the unsubsidized funding of U.S. exports, providing crucial financial services to bolster international trade.
An economic mechanism to stabilize the price of a security, commodity, or currency through market intervention, commonly used in exchange rate management.
A comprehensive definition of Penalty, covering its implications in legal and contractual contexts, along with examples and related terms.
A comprehensive guide on the penalty charged by banks or savings institutions for early withdrawal of funds from a time deposit before maturity, including its deductibility as an adjustment to gross income.
Pencil Out refers to the process of estimating approximate figures to determine the potential profitability of a proposed investment or business opportunity.
A comprehensive guide on Penny Stocks, their characteristics, benefits, risks, and related financial concepts.
The Pension Benefit Guaranty Corporation (PBGC) is a pivotal federal organization established under the Employee Retirement Income Security Act (ERISA) to guarantee basic pension benefits, manage terminated plans, and secure corporate asset liens for unfunded pension liabilities. This entry delves into its operations, funding, and coverage conditions.
A comprehensive exploration of the Pension Equity Plan (PEP), a type of defined-benefit pension plan offering a lump sum based on age, service, and final average pay.
A comprehensive guide to Pension Freeze, detailing its types, implications, and related terms.
A Pension Fund is established by various organizations to provide retirement benefits and plays a significant role in financial markets due to substantial investments in stocks and bonds.
An in-depth look at pension plans, their types, features, historical context, applicability, and related terms.
A detailed overview of Group Deposit Administration Annuity in Pension Plan Funding, exploring its structure, benefits, and operational mechanics.
An in-depth exploration of Pension Plan Liability Reserve, its significance, types, examples, historical context, and applicability in finance and accounting.
Congressional pension reform legislation designed to encourage individual retirement savings and enforce stricter regulation on employer-funded plans, also affecting charitable contributions, long-term care, college savings plans, and assistance for employees with 403(b) and 401(k) plans.
'Per Annum' is a Latin phrase meaning 'once each year' or 'annually.' It is commonly used in financial contexts to describe interest rates, growth rates, and other annual measures.
Per Capita refers to calculation or measurement by each individual, commonly used in contexts like income, taxes, and resource distribution.
A comprehensive explanation of Per Diem, its applications, types, and significance in business and employee compensation.
Per-capita debt is the total bonded debt of a municipality divided by its population. It is used to evaluate trends in a municipality's debt burden over time and is an essential metric for bond analysts.
Percentages are a statistical measure that express quantities as a fraction of a whole, which is typically assigned a value of 100. This term is commonly used to report changes in price, value, and various other indicators.
A comprehensive definition of a percentage lease, its structure, and applicability primarily for retail properties.
An in-depth look at Percentage Rent, how it works in a percentage lease, typical rates, and its application in commercial real estate, notably within shopping centers.
A detailed explanation of the percentage-of-completion method, an accounting method utilized to report income from long-term contracts.
Perfect Competition refers to a market condition in which no individual buyer or seller has the power to influence the market price of a good or service, characterized by a large number of participants, homogenous products, equal information, and complete freedom of entry and exit.
A detailed overview of a performance bond, a contractor's bond that guarantees contract performance, including definitions, types, examples, and FAQs.
A detailed overview of Performance Fee, also known as Incentive Fee, including its definition, types, examples, historical context, and related terms.
A detailed exploration of performance funds, including their definition, investment strategy, risk considerations, historical context, and practical examples.
An in-depth look into Performance Stock, a high-growth security that investors believe will rise in value significantly, also known as Growth Stock.
Period expenses are costs that are recognized over time, typically within specific accounting periods, such as rent or salaries.
The Periodic Inventory Method is an accounting process used to determine the cost of inventory sold or put into production by using data on beginning inventory, purchases, and ending inventory. This method calculates the cost of withdrawals from inventory.
Understanding Permanent Financing in Corporate Finance and Real Estate
An explanation of Permanent Income, highlighting its role in consumer behavior and economics with references to the Permanent Income Hypothesis (PIH).
A permit bond guarantees that the person or business granted a license by a government agency will adhere to regulations governing their licensed activities.
A perpetuity is a financial instrument that pays a never-ending series of periodic payments. It is commonly used in the contexts of finance, economics, and legal frameworks such as the rule against perpetuities.
A comprehensive explanation of perquisites of office and their tax implications when used for personal or family purposes.
A comprehensive guide to Personal Consumption Expenditures (PCE) as measured by the Bureau of Economic Analysis, detailing its significance, components, and implications for the U.S. economy.
The Personal Consumption Expenditures Price Index (PCEPI) is a U.S. indicator that tracks the average increase in prices for all domestic personal consumption, excluding volatile components like food and energy in its core form. Indexed to a base of 100 in 2005, it integrates data from sources such as the U.S. Consumer Price Index and Producer Price Index.
A comprehensive guide to understanding personal exemptions and their role in determining taxable income, including definitions, examples, historical context, and frequently asked questions.
Personal financial planning software assists users in examining revenue and expenses, comparing actual to budget, monitoring assets and liabilities, goal analysis, investment portfolio analysis, tax planning, and retirement planning.
The Personal Financial Specialist (PFS) is a prestigious designation awarded to qualified CPAs by the American Institute of Certified Public Accountants (AICPA), reflecting expertise in personal financial planning.
An in-depth look at the Personal Financial Specialist (PFS) certification, qualifications, benefits, responsibilities, and its role in personal financial planning.
A Personal Financial Statement is a document prepared for an individual, often using the accrual basis of accounting rather than the cash basis. It shows assets at estimated current values listed by order of liquidity and maturity without classification as current and noncurrent.
A detailed overview of Personal Holding Companies (PHCs), their definitions, tax implications, and the role they play in the corporate and investment landscape.
Personal income in national accounts calculations is the income actually received by households, factoring in various deductions and additions.
A detailed explanation of personal interest expense, its definition, and its status in the tax system.
An in-depth look at personal liability, its implications, and how it affects various forms of business ownership.
Comprehensive definition and implications of Personal Property in legal, financial, and business contexts.
An in-depth look at Personal Property Floater coverage, insuring a wide range of personal properties regardless of the insured's location.
A Personal Service Corporation (PSC) is a business entity where the primary activity involves personal services substantially performed by employee-owners. PSCs face distinct tax treatments, including being taxed at the highest corporate rate.
Detailed Definition and Explanation of Personalty (Personal Property)
An in-depth understanding of the Petition in Bankruptcy, its purpose, types, process, historical context, and relevance in insolvency proceedings.
An in-depth exploration of petrodollars, the dollars paid to oil-producing countries and deposited in Western banks, and their significant impact on the global economy.
Understanding Petty Cash Fund and Petty Cash Voucher: Definition, Usage, and Management
A detailed examination of phantom income, particularly in the context of leveraged real estate transactions and the tax consequences that arise when more depreciation is claimed than mortgage payments. Learn about taxable gain, adjusted tax basis, and its implications.
A comprehensive overview of Phantom Stock Plans, a type of deferred-compensation plan that uses the employer's stock as a measuring rod for determining the value of compensation payment.
The Phillips Curve describes the inverse relationship between unemployment and inflation, where an increase in inflation often leads to a decrease in unemployment, and vice versa.
Understand the concept of Physical Commodity, its significance in the market, and examples such as corn, cotton, gold, oil, soybeans, and wheat. Explore the distinctions between spot and futures markets.
Physical Life refers to the expected period of time for an asset, such as real estate improvement, to exist physically. It differs from Useful Life, which considers functional utility.
Detailed explanation of Piece Rate including its uses, historical context, and applicability to modern mailing systems.
A comprehensive guide to understanding piggyback loans, their structure, applications, benefits, types, and special considerations.
An in-depth look at the practice of piggybacking credit scores, its implications, legality, and impact on credit scoring.
An exploration of the Pigou Effect, which highlights how changes in the price level influence the real value of money balances and subsequently affect consumption and economic activity.
A comprehensive overview of the acronym PIIGS used to describe the economically troubled countries of Portugal, Ireland, Italy, Greece, and Spain.
Definition and Context of Pin Money: A small sum for incidental expenses or a minor cash advance associated with major contracts.
An in-depth look at Pink Sheets, the daily publication detailing bid and asked prices of thousands of OTC stocks, including historical context, practical applications, and related terms.
An in-depth exploration of PITI, the primary components of monthly mortgage payments, including definitions, examples, and their significance in real estate and finance.
A comprehensive guide to understanding the PITI payment structure required by amortizing loans, including details on principal, interest, escrow deposits, and insurance.
The term 'Placed in Service' refers to the date when property is in a state of readiness and is available for a specific use, typically within the contexts of finance, accounting, and taxation.
A detailed analysis of the role, responsibilities, and regulations related to plan sponsors, including examples and historical context.
An in-depth exploration of Plant Assets, which include land, buildings, machinery, and more, within the realm of fixed assets, and their importance in accounting and finance.
A comprehensive explanation of the concept of Pledge, including its definition, types, historical context, applicability, and related terms.
Plowing back profits refers to reinvesting a company's earnings in the business rather than paying out those profits as dividends.
A comprehensive overview of the term PLUS TICK, its implications in stock markets, and how it compares to an UPTICK.
An in-depth look into Private Mortgage Insurance (PMI), its purpose, applications, and impact on borrowers and lenders in the real estate market.
Comprehensive explanation of POINT Bonds in various financial contexts, including bonds, real estate, commercial lending, and stocks.
A detailed explanation of Point-of-Sale (POS) System, its components, types, usage, historical background, and related terms.
A strategic defense mechanism used by takeover target companies to make their stock less attractive to potential acquirers.
A policy loan is a loan from an insurance company secured by the cash surrender value of a life insurance policy. Learn more about its types, benefits, and limitations.
A comprehensive guide to understanding the role, importance, and implications of being a policyholder in the context of insurance.
A thorough examination of Ponzi Schemes, their mechanics, historical context, and examples including the notable Madoff Scandal.
An exploration of the term 'POOL' as it applies across various sectors such as corporate finance, industry, insurance, investments, and real estate.
The Pooling of Interests method is a historical accounting practice for mergers where the balance sheets of the two companies are combined without revaluing the assets and liabilities.
Poop and Scoop is an illegal stock market manipulation strategy where false negative information about a stock is spread to reduce its price, allowing manipulators to buy the stock cheaply and later profit from it.
An in-depth explanation of Portfolio Income in taxation, including interest, dividends, royalties, and gains and losses from investments, and how it compares to passive and active income.
A portfolio manager is a professional responsible for overseeing and managing the securities portfolio of individual or institutional investors. They may work for mutual funds, pension funds, profit-sharing plans, bank trust departments, insurance companies, or private investors.
A detailed examination of Portfolio Reinsurance, a coverage strategy where an insurance company's portfolio is ceded to a reinsurer, who reinsures a given percentage of a particular line of business. Includes mechanisms, types, historical context, examples, and related terms.
