Economics & Finance | Françoise Clementi

personal income tax [PIT]

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A tax on money people earn (income), which is paid to the national government. (source: http://en.wikipedia.org/wiki/Income_tax)

periodicity

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The quality or state of being periodic; recurrence at regular intervals. (source: http://www.thefreedictionary.com/periodicity)

permit

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Legal authorization to conduct an activity. (source: http://www.investorwords.com/3676/permit.html)

perpetual preferred stock

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A type of preferred stock that has no maturity date. The issuers of perpetual preferred stock will always have redemption privileges on such shares. Issued

personal budget

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A finance plan that allocates future personal income towards expenses, savings and debt repayment.(source: wikipedia.org )

personal guarantee

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Agreement that make one liable for one’s own or a third party’s debts or obligations. A personal guarantee signifies that the lender (obligee) can lay

personal identification number [PIN]

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A secret numeric password shared between a user and a system that can be used to authenticate the user to the system.(source: http://en.wikipedia.org/wiki/Personal_identification_number)

penalty

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A punishment imposed for violating a law or agreement; money one will pay for breaking a law or violating part or all of the terms

penalty interest

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Loss of interest or charge incurred on partial withdrawal or closure of account where account conditions allow. (source: http://www.financeglossary.net/definition/2609-Penalty_Interest)