Chattels, money, and other personal property belonging to a bankrupt, insolvent, or decedent estate, which go to the assignee or executor.
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PERSONAL ASSETS
Any articles that possess value, such as real estate , cash, and jewelry, etc.
PERSONAL AUTO POLICY (PAP)
A commonly used automobile policy, which provides cover for physical damage , medical expenses, as well as protection in case an accident occurs.
PERSONAL BIAS
the term given for a judge’s bias against one party in a law suit.
PERSONAL BUDGET
A statement that depicts the income and expense of an individual , used during the projection of future expenses and income.
PERSONAL CHATTELS
Things movable which may be annexed to or attendant on the person of the owner, and carried about with him from one part of the world to another. 2 Bl. […]
PERSONAL COMMUNICATION SERVICES (PCS)
The array of mobile phone services that make use of smaller phones. Primarily used for incoming and outgoing calls, sending and receiving text messages, etc.
PERSONAL COMMUNICATIONS NETWORK (PCN)
A wireless telephone system that is set with the help of affordable receivers, as well as lowly powered antennas. This is smaller than a city wide network, in which the […]
PERSONAL COMPUTER (PC)
A small computer, usually one that comes with Microsoft Windows . Designed for use by one person at any time.
PERSONAL CONSUMPTION EXPENDITURES (PCE)
A small component listed within the monthly generated Personal Income Report. It is primarily used to track inflation, by keeping a check on the changes that occur in the prices […]
PERSONAL CONTRACT
A contract relating to personal property , or one which so f[ar involves the element of personal knowledge or skill or personal confidence that it can be performed only by […]
PERSONAL CREDIT
That credit which a person possesses as an individual , and which is founded on the opinion entertained of his character and business standing.
PERSONAL DEMAND
A demand for payment of a bill or note, made upon the drawer, acceptor, or maker, in person. See 1 Daniel, Neg. Inst.
PERSONAL DIGITAL ASSISTANT (PDA)
A small, exceptionally powerful computing device that does not have a keyboard, usually a keypad. Examples include the Samsung Galaxy Nexus, Apple iPhone. Useful for taking notes, writing and receiving […]
PERSONAL EFFECT FLOATER
An open peril policy, which lists a certain risk, and provides cover for the personal property of the insured during his/ her travels.
PERSONAL EFFECTS
Items that belong to a person, and not the firm itself.
PERSONAL EQUITY
Retaining a part of an employee’s equity. It is usually recognized on the financial statement of the company.
PERSONAL EXEMPTIONS
Amounts that are preset and can be deducted by a taxpayer for use on his own. Personal exemptions can also be made for each individual who is dependent upon the […]
PERSONAL EXPENSES
Financial expenditure incurred upon oneself, or on one’s business activities.
PERSONAL EXPENSES DEDUCTIONS
a term for the deductions made for expenses that are different to the expenses used to produce an income.
PERSONAL FINANCE
The usage of the principles and methods of corporate finance in order to calculate the monetary affairs of an individual . Commonly used to allocate financial resources. Can be helpful […]
PERSONAL FINANCIAL SPECIALIST
A CPA accountant who is capable of managing the finances of an individual . Can provide counsel and help when it comes to investment.
PERSONAL FINANCIAL STATEMENT
A document which provides details about the liabilities and assets of an individual . Excludes any business related assets.
PERSONAL GUARANTEE
An arrangement in which a person becomes liable for the debts of another party, in case the other party fails to clear their dues on time. Can be regarded similar […]
PERSONAL HOLDING COMPANY
the term that is given to a corporation with less than 5 people owning at least half of the stock and 80% of the income.