A form of disability from which there is no disability. A permanent disability occurs when the insured has been disabled for over six months.
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PERMANENT CAPITAL
An ordinary share , or common stock which does not need to be paid back. It is known as permanent financing too.
PERMANENT DISABILITY
Any disability, or impairment, or loss of a person’s physical or mental senses, on a permanent level. Prevents a person from functioning normally.
PERMANENT EMPLOYEE
An employee who is hired to work without any time frame for his exit. For instance, a contractual employee might have his contract rescinded, or will have to leave if […]
PERMANENT EMPLOYMENT
Employment done on a regular, continuing basis, rather than hiring on a contractual basis.
PERMANENT ESTABLISHMENT
A fixed location from where business operations take place. Examples include offices, workshops and factories, etc. Taxes are charged on the permanent establishment if a business intends to perform for […]
PERMANENT FINANCING
A mortgage loan or a bond that has been issued with a maturity period that extends between 15 to 30 years.
PERMANENT IMPROVEMENT
the name given to an improvement to property or land that will remain indefinitely and is now an integral part of the property.
PERMANENT INJUNCTION
Known as a perpetual injunction , a permanent injunction is one which is granted after the trial hearing is complete. It is not levied on a permanent basis.
PERMANENT INJURY
the term that is applied to an injury that has appeared with certainty and will be ongoing and not disappear.
PERMANENT INTEREST BEARING SHARE (PIBS)
Tradable on the London Stock Exchange , a PIBS is a non redeemable security given on fixed interest, and issued by some of the top building societies of the UK. […]
PERMANENT LENDER
Any lender who gives financing for over 15 years, usually to act as financing for the establishment of real estate projects is known as a permanent lender .
PERMANENT NUISANCE
this is the term applied to a nuisance that cannot be removed and damage that will continue indefinitely.
PERMANENT OWNERS’ EQUITY ACCOUNT
The capital stock account, as well as the retained profit account. They are known as being ‘permanent’ as they cannot be closed once the accounting period has ended.
PERMANENT PARTIAL DISABILITY
A partial disability that will affect the insured forever. Since it is partial, the insured is not completely incapacitated .
PERMANENT RECEIVERSHIP
a term used when the administration and management of a business is taken over after a court judgement. It is not there for temporary relief.
PERMANENT RECORD
A document which retains its legal, administrative and historical value without any timeframe.
PERMANENT RESIDENCE
The primary residence (home) of an entity, party, individual at a situated address.
PERMANENT RESIDENT
Any person who possesses his own permanent residence , and resides there is a permanent resident .
PERMANENT SUPPORT ORDER
the term that is used for a court edict where a spouse must support the other and any children indefinitely and permanently.
PERMANENT TOTAL DISABILITY
A permanent disability , which prevents the insured from working throughout the remainder of their life.
PERMANENT VIRTUAL CIRCUIT (PVC)
A logical, dedicated route which is situated within the physical network of a circuit on a permanent basis. Once it has been created, the PVC need not be disconnected at […]
PERMEABILITY
A characteristic of any substance or material which denotes the degree to which it allows liquids to pass through another medium, without altering the chemical or physical traits of the […]
PERMEANCE
The opposite of permeability , or a trait which prevents liquids from passing through the material.
PERMISSIBLE DOSE
The administration of any dose of a substance, given to a worker, in a prescribed manner, without the experience of any harm.