Terms Starting with P

  • Payout Authorization Form (PAF)Acronym,
    • Payout Phase Definition,
      • The phase of a deferred annuity where the annuity begins to make payments to the annuitant.
    • Payroll Taxes Definition,
      • A tax based on wages and salaries that is deducted from employees pay cheques.
    • PC Banking Definition,
      • A service that allows a bank customer to obtain account information and perform certain bank transactions through a personal computer.
    • Peace Arch (PA)Acronym,
        A US/Canada border location.
      • Peace Hills Trust Company (PHT) Company Est. 1980, Canada-wide,
          A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
        • Peace River Airport (YPE)Acronym, Peace River, Alberta, Canada,
          • Peawanuck Airport (YPO)Acronym, Peawanuck, Ontario, Canada,
            • Peer-to-Peer (P-to-P, P2P)Acronym & Abbreviation,
              • Pellet Stove (pellstv)Abbreviation,
                • Pembroke And Area Airport (YTA)Acronym, Pembroke, New Brunswick, Canada,
                  • Pembroke Area Mncpl Airport (YQS)Acronym, St Thomas, New Brunswick, Canada,
                    • Penalty Definition,
                      • In mortgage terms, a penalty is a set rate or length of time the penalty will be charged based on the remaining loan amount. The penalty is usually three months interest or interest rate differential.
                    • Penalty Rate Definition,
                      • Several percentage points higher than a card's current annual percentage rate, which goes into effect after two late payments. On some cards, a single late payment triggers a penalty rate.
                    • Pender Harbour Airport (YPT)Acronym, Pender Harbour, British Columbia, Canada,
                      • PenFinancial Credit Union (PFCU) Company,
                          A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                        • Pension Definition,
                          • A retirement plan where money is set aside over many years for an individual's retirement.
                        • Pension Adjustment (PA)Acronym,
                          • Pensions, Insurance and Financial Institutions (PIFI)Acronym, Alberta, Canada,
                            • Penthouse (pnths)Abbreviation,
                              • An apartment on the top floor of a building.
                            • Penticton Airport (YYF)Acronym, Penticton, British Columbia, Canada,
                              • Peoples Trust Company (PTC) Company Est. 1985, Canada-wide, Important,
                                  A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
                                • Per Calendar Month (PCM)Acronym,
                                  • Per Diem Interest Definition,
                                    • Interest that is charged daily; usually refers to the partial month's interest that the buyer pays on the mortgage covering the period from the day of closing to the end of the month.
                                  • Per Item Charge Definition,
                                    • A fee charged to account holders who exceed the allowable number of free transactions for their accounts. Or, the balance in an account does not meet the average monthly balance required to waive the fee.
                                  • Per Square Foot (PSF)Acronym,
                                    • Per Week (pw)Abbreviation,
                                      • Perc Test Approved (PERC)Acronym,
                                        • Percent of Market Value (POMV)Acronym,
                                          • Percolation Test (PT)Acronym,
                                            • A test which determines how fast water passes through soil. These tests are performed prior to construction and installation of septic tank systems.
                                            Also known as "Perc Test".
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