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FINANCIAL DICTIONARY & GLOSSARY: PA -
differentials - differences between wage rates paid to different
classes of workers, depending on their skills, the danger of the job,
payroll - a complete list of all a company's employees, with details of how much they earn.
pay scales - the different rates of pay established for different categories of worker.
peak - the highest point on the business cycle; to reach the highest point.
peg - to fix the value of a currency against something else (another currency or a precious metal).
pension - a regular sum of money paid to a retired worker in return for past services or contributions.
pension fund - financial institution that invests workers' pension contributions, and pays them pensions on retirement.
perceived value pricing - considers customers' perceptions of price in relation to quality, durability, service, etc.
perfect competition - exists when there are a large number of sellers and buyers, freedom to enter and leave markets, a complete flow of information, etc.
permanent assets - see fixed assets.
personal selling - the presentation of goods or services to potential customers by sales representatives.
petrodollars - dollar deposits in the banking system coming from rich, oil-producing nations.
Phillips Curve - used to be thought to demonstrate a trade-off (exchange) between unemployment and inflation.
piecework - a method of paying workers according to the quantity of articles or pieces they produce.
planned economy or command economy - one in which economic decisions (supply, prices, etc.) are made by the government rather than by market forces.
plant - collective word for factories and the machinery inside them.
poison pill - a defense against a raider: taking action which makes the company less attractive.
policy - contract by which the insurer agrees to pay the insured a certain sum of money if or when certain stated events happen; plans determining a government or firm's actions.
portfolio - the total of an investor's different investments.
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FINANCIAL DICTIONARY & GLOSSARY SHORT INDEX
a-ac, ac-am, am-as, as-ba, ba-be, be-br, br-cap, cap-cas, ce-col, col-com, com-cor, cor-cu, cu-deb, deb-dem, dep-dis, dis-du, du-em, em-ex, fa-fi, fi-fr, fr-ge, ge-gr, ha-im, im-ine, inf-int, int-inv, inv-la, la-li, li-lo, lo-mar, mar-mark, mat-mo, mo-na, na-od, of-ou, ov-pa, pa-po, po-pri, pri-pro, pro-qu, qu-red, red-res, res-sa, sa-sh, sh-sta, sta-sto, str-ta, ta-tr, tr-un, un-va, va-we, we-zz
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