Tooltip Categories: Economics & Finance

past due payment

A loan payment that has not been made as of its due date. A borrower who is past due may be subject to late fees,

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patent

The exclusive right granted by a government to an inventor to manufacture, use, or sell an invention for a certain number of years. (source: http://dictionary.reference.com/browse/patent)

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paternity leave

Paid or unpaid time off work stipulated by law, given to male workers, to care for a child or make arrangements for the child’s welfare.

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pawn

To deposit (an article) as security for the repayment of a loan, esp from a pawnbroker. (source: http://www.wordreference.com/definition/pawn)

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partnership

A type of unincorporated business organization in which multiple individuals, called general partners, manage the business and are equally liable for its debts. (source: http://www.investorwords.com/3609/partnership.html#ixzz2YjvB6yMN)

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partnership equity

Partnership equity is the percentage interest that a partner has in partnership assets. In other words, partnership equity represents the partner’s ownership interest in the

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Paris Appeal

The Paris Appeal for a responsible finance was launched at the 4th annual Convergences 2015 Forum in May 2011 in response to the irresponsible behaviour

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partial acquittance

Agreement for which a creditor waives the right to recover an established debt in full, and a partial payment is enough to satisfy that obligation.

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partial retirement

Partial retirement is when a worker take all or part of the pension while continuing to work. (source: http://jsspensions.nerc.ac.uk/25_pension_reform/partial_retirement.htm)

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participant

One that participates, shares, or takes part in something.(source: http://www.thefreedictionary.com/participant)

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