A method by which the pension amount can be maximized. Basically, it is a techniue in which a married, retired individual will opt for receiving single life annuity , which […]
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P
PENSION OBLIGATION
The total benefits that need to be attributed to retired persons, as well as other employees who are entitled to such benefits.
PENSION PAYABLE
The total amount that the company will record for its contributions made to the employee pension plans.
PENSION PILLAR
A format of paying pensions adopted by a large number of corporations throughout Europe. The main purpose of the pension pillor is to divide the goals of the retirement plans […]
PENSION PLAN
A retirement plan offered by an employer. Funds come from both employee and employer. The employers managers make sure the funds are in there upon retirement. They do this by […]
PENSION SHORTFALL
A pension shortfall occurs when a company fails to provide enough funds for paying its employee retirement benefits. The company must be having a defined pension plan set for its […]
PENSION TRUST
the name that is given to a fund in trust with trustees for money invested for employees when they retire.
PENSION TRUST FUND
A trust fund set up for the sole purpose of pooling in money that will be used to pay for various different pension benefits. The money is usualy contributed by […]
PENSIONE
A term commonly used in European countries, depicting hotel lodging or accommoding in a guest house .
PENSIONER
One who is supported by an allowance at the will of another; a de- pendent. It is usually applied (in a public sense) to those who receive pensions or annuities […]
PENT-ROAD
A road shut up or closed at its terminal points. Wolcott v. Whit- comb, 40 Vt 41.
PENT-UP-DEMAND
A common term that is used to define a certain portion of the consumer behavior in a certain market. Commonly used by economists to determine the cyclical economy trends, as […]
PENTECOSTALS
In ecclesiastical law . Pious oblations made at the feast of Pentecost by parishioners to their priests, and sometimes by inferior churches or parishes to the principal mother churches. They […]
PENURY
Extremely destitute situation, or highly poor circumstances .
PEON
n Mexico. A debtor held by his creditor in a qualified servitude to work out the debt; a serf. Webster. In India. A footman; a soldier; an inferior officer; a […]
PEONAGE
The state or condition of a peou as above defined; a condition of en- forced servitude, by which the servitor is restrained of his liberty and compelled to labor in […]
PEONIA
In Spanish-American law. A lot of land of fifty feet front, and one hundred feet deep. Originally the portion granted to foot-soldiers of spoils taken or lands conquered in war
PEOPLE PILL
When the management team threatens to leave in order to prevent takeover. Refer to poison pill .
PEPPERCORN
A dried berry of the black pepper. In English law , the reservation of a merely nominal rent, on a lease, is sometimes expressed by a stipulation for the payment […]
PER
Lat. By. When a writ of entry is sued out against the alienee of the original intruder or disseisor, or against his heir to whom the land has descended, it […]
PER -ES ET LIBRAM
Lat. In Roman law. The sale per ces et libram (with copper and scales ) was a ceremony used in transferring res mancipi, in the emancipation of a son or […]
PER ACCIDENS
Something that occurs as a contingency , or due to a small chance. The antonym of per se.
PER ALLUVIONEM
Lat. In the civil law . By alluvion, or the gradual and imperceptible increase arising from deposit by water. Per alluvionem id videtur adjici qnod ita paulatim adjicitnr nt intelligere […]
PER AND CUI
When a writ of entry is brought against a second alienee or de PER AND POST 889 PER MISADVENTURE scendant from the disseisor, It is said to be in. the […]
PER AND POST
To come in in the per is to claim by or through the person last entitled to an estate; as the heirs or assigns of the grantee. To come in […]