Participative Management: An Open Decision-Making Approach
Participative management is an open form of management where employees play a strong decision-making role, fostering productivity, quality, and cost efficiency.
Partner: A Key Member of a Partnership
A Partner is a member of a partnership, which may be a syndicate, association, pool, joint venture, or other unincorporated organization. Partners generally include in their personal tax returns their pro rata share of partnership ordinary income, capital gain, charitable contributions, etc.
Partner's Drawing: An In-Depth Look at Drawing Accounts in Partnership
A comprehensive overview of Partner's Drawing accounts, focusing on their definition, types, considerations, examples, and related terms, with historical context and practical applications in partnership businesses.
Partnership Life and Health Insurance: Protection for Business Continuity
Partnership Life and Health Insurance offers protection to maintain the value of a business in case of death or disability of a partner. It ensures the transfer of the deceased or disabled partner's interest to the surviving partners according to a predetermined formula.
Parts Per Million (PPM): Ratio to Determine Molecular Presence
Parts per million (PPM) is a unit of measurement used to describe the concentration of one substance within another, often used in chemical analysis to indicate the significant presence or absence of a particular substance in a medium.
Party: A Person or Entity
A detailed definition of 'Party' in various contexts including legal, financial, and social domains.
Party Line: Traditional Shared Telephone Service
Party Line is a traditional telephony service available at a lower rate than a private line. It allows multiple users to share the same line but ensures no interference among users.
PASCAL Programming Language: Modular and Well-Structured
PASCAL, developed by Niklaus Wirth, is designed to foster modular and well-structured programming. It has become one of the most popular languages for microcomputers.
Pass-Through Certificate: Income-Earning Investment
A pass-through certificate is an investment that receives income from another form, often a pool of mortgages, with income passed through to the certificate holders.
Pass-Through Entity: Understanding Nontaxable Entities
A detailed exploration of pass-through entities, including partnerships, S corporations, limited liability companies, and their tax implications.
Pass-Through Security: Mechanism and Application
An in-depth look at pass-through securities, focusing on how they function, their types, special considerations, examples, history, and applicability.
Passenger Mile: Unit of Measure in Transportation
A Passenger Mile is a statistical unit frequently used in transportation to evaluate safety, efficiency, and capacity by multiplying the number of passengers by the distance traveled.
Passive Income Generator (PIG): Investment or Activity That Generates Passive Income
An in-depth explanation of Passive Income Generators (PIG) and their role in income generation, tax benefits, and financial planning. Coverage includes examples, comparisons with other income sources, and related terms.
Passive Investment Income: Comprehensive Overview
Detailed examination of Passive Investment Income (PII), including its definition, types, and relevance in the context of S Corporations and beyond.
Passive Investor: A Comprehensive Guide
An in-depth guide to understanding what a Passive Investor is, including types, examples, and related terms such as Limited Partner and Stockholder.
Passport: Official Documentation for International Travel
A Passport is an official document issued by a country to its citizen, which identifies that person and allows travel to foreign countries. It also provides its holder entry to a particular place.
Password: Secret Character String for Security
A password is a secret character string required for logging onto a computer system, preventing unauthorized access and ensuring security.
Past Service Benefit: Understanding Private Pension Plan Credits
Detailed overview of past service benefits, explaining how private pension plans credit employees for their service prior to the establishment of the pension plan. Learn the essentials, special considerations, examples, historical context, and related terms.
Past Service Credit: Definition and Explanation
An in-depth explanation of Past Service Credit, its importance, calculation, examples, and related terms in the context of retirement plans.
Past Service Liability: An Overview of Pension Plan Funding
Comprehensive guide on Past Service Liability focusing on funding employee pension benefits for prior service. Insightful discussion on cost implications and future benefit financing.
PATCH: A Small Alteration to a Computer Program
A patch is a small alteration to a computer program, often used to fix bugs, plug security leaks, or add functionality.
Patent Appeals Court: A Specialized Judiciary
The Patent Appeals Court is a specialized judiciary that reviews decisions related to patent disputes and intellectual property laws.
Patent Infringement: Legal Violation of Patent Rights
Patent Infringement occurs when an entity makes, uses, sells, or distributes a patented invention without permission from the patent holder.
Patent Pending: Definition and Implications
The statement 'Patent Pending' refers to the period after a patent application has been filed and before it is granted or rejected, indicating that a patent is being processed by the patent office.
Patent Warfare: Strategic Use of Patents to Prevent Competition
Patent warfare involves the strategic practice of using multiple patents with different expiration dates on aspects of the same invention to prevent competition when the original patent expires.
PATH: The Hierarchical Description of Where a Directory or File is Located on a Computer or Network
An in-depth look at PATH, the hierarchical specification for locating directories and files on computers and networks, including definitions, examples, historical context, and related terms.
Patron: Definition and Contexts
A detailed exploration of the term 'Patron,' encompassing its general meaning, usage in taxation regarding cooperatives, and broader implications.
Pattern Bargaining: Collective Bargaining Basis
Pattern Bargaining involves individual employee unions and employers reaching negotiated agreements based on a collective bargaining settlement developed elsewhere. It can be national, regional, strong, or weak, affecting the uniformity of agreements.
Pawn: A Person or Organization at the Mercy of Another's Will
A comprehensive analysis of the term 'Pawn,' which refers to a person or organization that is at the mercy of another entity's will, often used to describe situations in business, politics, and daily life.
Pay: Financial Compensation and Transactions
Comprehensive insights on 'Pay,' including compensation for services rendered and monetary transactions for goods and services.
Pay As You Go: Payments for a Good or Service as It Is Used
Pay As You Go refers to payments made for a good or service based on usage rather than as an outright purchase. This method is commonly used in various fields such as education, utilities, and telecommunications.
Pay for Performance: Incentive-based Salary Scheme
A salary scheme where employees accept a lower base pay in exchange for bonuses that are contingent upon meeting production or other organizational goals.
Payable: Amount Owing
A comprehensive overview of the term 'Payable,' its different types, examples, historical context, and its relevance in various sectors.
Payables: Accounts, Rates, and Mortgages Owed by a Business or Person
A comprehensive understanding of payables, focusing on accounts, rates, mortgages owed by businesses or individuals, and their categorization as current liabilities.
Payback Period: Capital Budgeting Metric
An overview of the Payback Period method in capital budgeting, its calculation, benefits, limitations, and comparison with other methods like NPV and IRR.
Paycheck: Employee Wage Payment
A paycheck is a document issued by an organization to pay an employee's wages, detailing net earnings after necessary deductions.
Payday: Day on Which Employees Receive Their Paychecks
Payday refers to the scheduled day when employees receive their payment for work performed. This article explores the concept, history, and various types of payday cycles.
Payday Loan: A Short-term Borrowing Option
A payday loan is a short-term, high-interest loan that borrowers promise to repay with their next paycheck. It serves as a cash flow management tool for individuals who may not use traditional financial institutions.
Payee: One to Whom a Debt Should Be Paid
An in-depth look into the role of a Payee in financial transactions, including bills of exchange, notes, and checks.
Payee Statement: Comprehensive Guide
Detailed explanation of payee statements, their types, applicability, and significance in financial reporting and compliance.
Payer: Definition and Context
Detailed exploration of the term 'Payer,' including its meaning, types, roles, and applications in various fields.
Payment: Satisfaction of a Claim or Debt
Detailed explanation of payment as the delivery of money in fulfillment of an obligation, including types, examples, and historical context.
Payment Adjustment Date: Definition and Explanation
The Payment Adjustment Date is the specific day when the interest rate on an Adjustable-Rate Mortgage (ARM) can be adjusted, impacting the monthly mortgage payments.
Payment in Due Course: Legal Financial Term
A comprehensive definition of Payment in Due Course, detailing its components, definition, examples, and historical context.
Payment in Kind: Non-Monetary Transactions
Payment for goods and services made in the form of other goods and services rather than cash or other forms of money.
Payment Method: Means of Payment Employed by a Customer
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.
Payoff (Amount): Definition and Explanation
A detailed explanation of the payoff amount in loans, including prepayment penalties, types, calculations, and considerations.
Payola: Secret or Private Payment for Promotion
An in-depth exploration of Payola, its origins, applications, and implications in various industries, particularly in the music and record industry.
Payout: Return on Investment
Comprehensive coverage of the concept of payout, its definition, types, examples, historical context, applicability, and related terms.
Payout Ratio: Understanding Dividend Distributions
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: Aggregate Periodic Amount a Business Pays Its Workers; List of Employees and Their Compensation
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.
Payroll Period: An Overview
Detailed explanation of payroll periods, including definitions, types, applicability, and related terms in employment and tax contexts.
Payroll Savings Plan: An Investment Strategy for Employees
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.
Payroll Taxes: Comprehensive Overview
An in-depth look at Payroll Taxes, covering definitions, types, examples, historical context, applicability, comparisons, related terms, FAQs, and more.
Payroll Withholding: Essential Guide to Understanding Payroll Deductions
Comprehensive guide to Payroll Withholding, covering types, legal aspects, examples, and the significance in corporate and individual finance.
PC-Compatible: Able to Run Software Intended for the IBM PC
An in-depth look at PC-compatibility, referring to the ability of microcomputers to run software designed for the IBM PC. Covers historical context, technical specifications, and modern applications.
PDA: Personal Digital Assistant Overview
A comprehensive overview of PDAs, handheld personal computers with touch screens or limited keyboards, primarily used as address books and schedulers, now largely supplanted by smartphones.
Peak: High Point of the Business Cycle
A comprehensive understanding of 'Peak,' the high point of the business cycle, including its significance and examples.
Peculation: Fraudulent Misappropriation of Entrusted Resources
Peculation refers to the fraudulent misappropriation of money or goods entrusted to one's care. It is closely related to the concept of embezzlement.
Pecuniary: Financial Concepts and Considerations
An in-depth exploration of the term 'pecuniary' focusing on its definition, types, historical context, and applicability.
Private Export Funding Corporation (PEFCO): Facilitating U.S. Export Funding
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.
Peg: Mechanism to Stabilize Price by Market Intervention
An economic mechanism to stabilize the price of a security, commodity, or currency through market intervention, commonly used in exchange rate management.
Penalty: Financial Consequence for Legal or Contractual Violations
A comprehensive definition of Penalty, covering its implications in legal and contractual contexts, along with examples and related terms.
Penalty for Early Withdrawal of Savings: Understanding the Charge and Its Implications
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: Estimating Profitability of Business Opportunities
Pencil Out refers to the process of estimating approximate figures to determine the potential profitability of a proposed investment or business opportunity.
Penetration Pricing: Establishing Low Product Pricing for Market Entry
Penetration Pricing is a strategy where a company sets a low price for a new product to quickly enter the market, deter competitors, and gain market share before raising prices once the market presence is established.
Pension Benefit Guaranty Corporation (PBGC): Federal Corporation Ensuring Pension Security
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.
Pension Equity Plan (PEP): Lump Sum Defined-Benefit Pension Plan
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.
Pension Fund: Retirement Financial Security
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.
Pension Plan Funding: Group Deposit Administration Annuity
A detailed overview of Group Deposit Administration Annuity in Pension Plan Funding, exploring its structure, benefits, and operational mechanics.
Pension Protection Act of 2006: Comprehensive Pension Reform
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.
Penthouse: Definition and Insights on Luxury Housing
A comprehensive guide to understanding penthouses, featuring their characteristics, historical background, market values, and comparison with other luxury housing units.
Peon: Overview of the Term and Historical Context
A comprehensive exploration of the term 'Peon,' its historical origins, usage in different cultures, and contemporary relevance.
People Intensive: A Focus on Human Labor
A comprehensive definition and exploration of people-intensive processes that require significant human participation, such as those in healthcare organizations.

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