Piigs Mean
Key takeaways – PIIGS is a derisive acronym used during the European sovereign‑debt crisis to label the five euro‑area countries that had the weakest…
Physical Capital
• Physical capital = tangible, human‑made assets used in production (machinery, buildings, vehicles, computers, fixtures). [Investopedia] – It is one of the three classic…
Phillips Curve
The Phillips curve is an economic concept that describes an inverse relationship between inflation and unemployment: when unemployment falls, inflation tends to rise, and…
Passive Foreign Investment Company Pfic
Executive summary / Key takeaways – A PFIC is a non-U.S. corporation that meets either the income test (≥75% passive income) or the asset…
Petroleum
Petroleum (commonly called crude oil) is a naturally occurring mixture of hydrocarbons—liquid and gaseous organic compounds—formed when ancient plants, algae and microorganisms were buried,…
Peter Principle
The Peter Principle is a management/organizational theory that says employees who perform well are promoted until they reach a job level for which they…
Pest Analysis
A PEST analysis is a strategic framework that helps organizations identify and evaluate the major external forces—Political, Economic, Social, and Technological—that can affect their…
Per Stirpes
Key takeaways – Per stirpes is a common estate-planning clause that directs an inheritance “by branch” so that if a named beneficiary dies before…
Personal Property
Personal property (also called movable property, movables, or chattels) is any asset that is not real property (land and buildings). It is movable rather…
Personal Property
Personal property (also called movable property, movables, or chattels) is any asset that is not real property (land and buildings). It is movable rather…