Tooltip Categories: Economics & Finance

per diem (human resources)

A daily allowance for expenses, a specific amount of money that an organization gives an individual per day to cover living and travelling expenses in

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pension fund

Resources set aside on a periodic basis by the employee and/or employer that will earn a return so that the accumulated principal and interest will

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per capita income

Income per person in a population. Per capita income is often used to measure a country’s standard of living. (Read more: http://www.investorwords.com/5939/per_capita_income.html#ixzz2aM4WWxW9)

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payslip

A note given to an employee when they have been paid, detailing the amount of pay given and the tax and insurance deducted. (source: http://oxforddictionaries.com/es/definicion/ingles_americano/payslip)

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payment on account

A payment on account is a payment made in partial payment of a bill which has not yet been received. (source: http://forum.wordreference.com/showthread.php?t=869136&langid=24)

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payment order

Instructions to transfer funds sent via paper and/or electronic means. (source: http://en.wikipedia.org/wiki/Payment_order)

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payment protection insurance

An insurance product that enables consumers to insure repayment of loans if the borrower dies, becomes ill or disabled, loses a job, or faces other

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payment systems

The infrastructure (consisting of institutions, instruments, rules, procedures, standards,and technical means) established in effect the transfer of monetary value between parties discharging mutual obligations. Its

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peer to peer lending

The practice of lending money to unrelated individuals, or peers, without going through a traditional financial intermediary such as a bank or other traditional financial

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