Personally Identifiable Information (PII)
Key Takeaways – Personally identifiable information (PII) is any data that can identify a person alone or when combined with other data. – PII…
Personal Identification Number (PIN)
A Personal Identification Number (PIN) is a short numeric code used to verify your identity when you access financial services or electronic devices. PINs…
Personal Finance
Personal finance is the set of decisions and actions you take to manage money and meet personal financial goals. It covers income, spending, saving,…
Personal Consumption Expenditures (PCE)
Overview Personal Consumption Expenditures (PCE) measures the value of goods and services purchased by or for U.S. residents. Compiled monthly by the Bureau of…
perpetuity
• A perpetuity is a stream of identical (or systematically growing) cash payments that continues forever. It’s an annuity with no termination date. –…
Perpetual Inventory System
A perpetual inventory system is a computerized method that continuously records inventory activity — purchases, sales, returns, transfers — so the balance of units…
Performance Bond
A performance bond is a three‑party financial guarantee that assures one contracting party (the obligee, typically an owner or buyer) that the other party…
Perfect Competition
Key takeaways – Perfect competition (pure competition) is an idealized market model in which many small firms sell a homogeneous product, all buyers and…
Per Capita Income
Per capita income is the average amount of money earned per person in a defined population (a country, state, county, city, or other region)…
Pension Plan
Summary – A pension plan is an employer-established retirement program that provides regular income (often for life) to employees after they retire. Employers fund…