Amount that is half of the actual payment. Usually a fixed percentage of the actual amount that must be paid.
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PARTIAL PERFORMANCE
Completion of an act that forms a portion of a contract. A generally accepted rule suggests that partial performance can be accepted, though the contract is not considered completed until […]
PARTIAL PLAN TERMINATION
Using overfunded pension plans to start new endeavors.
PARTIAL PROBATE
a term that is used when a will is filed that contains parts that are not valid.
PARTIAL PROFIT TAKING
Sale of a part of an investment portfolio. In usual cases, it is because the market value has increased in a way so that the total value remains same.
PARTIAL RECOURSE LOAN
When loan repayment comes from asset cashflow before the borrower pays. AKA limited recourse loan . Refer to full recourse loan , recourse, nonrecourse.
PARTIAL SETTLEMENT
Partial settlement occurs when performance is given for an isolated part of the contract or any claim, which has been mentioned previously in a partial settlement agreement.
PARTIAL SHIPMENT
Providing delivery of a shipment in more than one consignment . Permission must be given by the customer in a letter of credit before partial shipment can be considered acceptable.
PARTIAL TERMINATION
Stoppage of a part of performance that was supposed to be given as per the provisions of the contract.
PARTIAL VERDICT
term used for a verdict in a criminal case that only acts on some of the charges that have been made against the defendant.
PARTIARITJS
Lat. In Roman law. A legatee who was entitled, by the directions of the will, to receive a share or portion of the inheritance left to the heir. PARTICEPS. Lat. […]
PARTIBLE LANDS
a term that is used to describe land that is able to be divided or partitioned.
PARTICIPANT
Any person who takes part in any activity, service or program.
PARTICIPATE
term that means to have a share in or to join in with others in an enterprise or an endeavour.
PARTICIPATING
Any policy that gives back dividends to the customer who purchases it is known as a participating policy .
PARTICIPATING DIVIDEND
Those who own participating preferred stock receive participating dividend .
PARTICIPATING FORWARD
When a first party shares the gains of a second party. This leads to a more favorable forward price .
PARTICIPATING GUARANTEED INVESTMENT CONTRACT (GIC)
A contract giving an investor a share of earnings from an asset portfolio. This happens when a profit occurs. Refer to nonparticipating guaranteed investmen contract and synthetic guaranteed investment contract.
PARTICIPATING INSURANCE
An insurance policy which pays back a dividend if the insurance company has announced profits. Secondly, any insurance that manages to contribute towards the payment of a claim with other […]
PARTICIPATING POLICY
When an insured person gets periodic payments recieving some of the profits. This essentially gives the insured a rebate on premuims.
PARTICIPATING PREFERRED STOCK
When a target is met this stock pays a standard dividend and some common stock .
PARTICIPATING PROVIDER
Any medical provider who has been qualified to take part in the Medicare program. Providers receive payment through their carriers.
PARTICIPATING RISK
Risk of failure caused by other party when it comes to performing the contract as per the mentioned requirements .
PARTICIPATION
Consultation done jointly in any establishment of a goal, sharing of profits or when it comes to making a decision. Teamwork is an example of participation . It helps increasing […]
PARTICIPATION CERTIFICATE
A security representing investment interest in an asset. Typically a mortgagebacked securities. Refer to passthrough security.