Glossary

343 resources
P/E ratio
PAL
PAYE
PAYE settlement arrangement (PSA)
PD stamp
PDMR
PEP
PFI
PHI
PIA
PIK debt
PIK toggle
PILON
PIP
PIRC
PLC
PLSA (formerly NAPF)
PLUS Markets Group plc
POS Regulations
PPP
PR (see Prospectus Rules)
PRA
PRA Handbook
PSI
PSM
Pac-Man defence
Package software
Panel on Takeovers and Mergers
Paper and cash bid
Par debt
Par value
Parallel debt
Parallel exemption
Parallel imports
Parallel trade
Parens patriae
Parent company
Parent law
Parent undertaking
Parental leave
Parental responsibility
Parenting assessment
Parenting plan
Pari passu
Parol evidence rule
Part 18 procedure
Part 18 request
Part 2 of the Income Tax (Trading and Other Income) Act 2005
Part 20 claim
Part 3 of the Income Tax (Trading and Other Income) Act 2005
Part 36 offer
Part 6 Rules
Part VI Rules
Part-time worker
Partial intestacy
Partial offer
Partially exempt
Participating dividend
Participating employer
Participating preference share
Participation agreement
Participation exemption
Participations
Particulars of claim
Parting with possession
Partnering
Partnership
Partnership at will
Party autonomy
Party wall
Pass-through arrangement
Passing rent
Passive sales
Past service reserve
Patent
Patent pool
Paternity leave
Pathfinder admission document
Pathfinder prospectus
Pathway plan
Pay
Pay as you earn (PAYE)
Pay as you go
Paying parent
Paying party
Payment Premium
Payment in lieu of notice (PILON)
Payment waterfall
Pecuniary legacy
Peer to peer (P2P) software
Penal notice
Penalty
Pension Protection Fund (PPF)
Pension Protection Fund Ombudsman
Pension Protection Fund Ombudsman levy
Pension attachment
Pension commencement lump sum (PCLS)
Pension credit
Pension credit member
Pension debit
Pension protection levy
Pension protection lump-sum death benefit
Pension sharing
Pension-sharing order
Pensionable salary
Pensioner member
Pensions Investment Research Consultants (PIRC)
Pensions Ombudsman
Pensions Regulator
Pensions and Lifetime Savings Association (PLSA)
Pensions cap
Pepper v Hart
Peppercorn rent
Per capita
Per stirpes
Percentage ratio tests
Peremptory order
Performance bond
Performance condition
Performance guarantee
Performance ratchet
Performance share plan (PSP)
Periodic tenancy
Periodical payments
Permanent crops
Permanent establishment
Permanent health insurance (PHI)
Permanent pasture
Permission of the court
Permissive waste
Perpetuity period
Person closely associated (PCA)
Person discharging managerial responsibilities (PDMR)
Person with care (PWC)
Personal accounts
Personal chattel
Personal covenant
Personal data
Personal equity plan (PEP)
Personal pension scheme
Personal representative
Personal, social, health and economic education (PSHE)
Petition for the dissolution of a civil partnership
Petitioner
Petitions (EU)
Phantom share option
Physical settlement
Picketing
Piggyback rights
Pillar 1
Pillar 2
Pillars
Pilot operation
Pilot trust
Pink Sheets
Pink book
Pink herring
Placees
Placement order
Placing
Placing agreement
Placing price
Plaintiff
Planning Policy Guidance (PPG)
Planning Policy Statements (PPSs)
Planning obligations
Plea
Plea before venue
Pleadings
Pledge
Poison pill
Police directions power
Police protection
Political agreement: ordinary legislative procedure
Polkey deduction
Poll
Polygamous marriage
Portal
Portfolio
Positive action
Positive discrimination
Possession
Post-civil partnership agreement
Post-conviction ASBO
Post-nuptial agreement
Post-nuptial settlement
Post-registration agreement
Postponed pensioner
Potential value
Potentially exempt transfer (PET)
Power of advancement
Power of appointment
Power of appropriation
Power of arrest
Power of attorney
Power purchase agreement (PPA)
Power reserved
Practical completion
Pre-action PD
Pre-civil partnership agreement
Pre-emption Group Guidelines
Pre-emption rights
Pre-hearing
Pre-hearing review (PHR)
Pre-letting agreement
Pre-marital agreement
Pre-nuptial agreement
Pre-owned assets charge (POAC)
Pre-pack
Pre-qualification questionnaire
Pre-registration agreement
Pre-sentence report
Pre-settlement risk
Pre-trial checklist
Pre-trial review (PTR)
Precautionary principle
Preference
Preference shares
Preferential creditor
Preferential debt
Preferential dividend
Pregnancy and maternity discrimination
Preliminary agreements
Preliminary hearing
Preliminary issue
Preliminary offering circular
Premium Listing Principles
Premium listing
Preparation time order
Prepayment facility
Prepayment taxes
Prerogative powers
Prescribed accounting period
Prescribed market
Prescribed part
Prescription
Presidency of the Council of the EU
Presumptively dispositive
Price sensitive information (PSI)
Price stabilisation
Price/earnings ratio (P/E ratio)
Primary Care Trust (PCT)
Primary information provider
Primary market
Primary protection
Primary threshold
Prime brokerage
Principal Registry (Probate Service)
Principal deficiency ledger
Principal employer
Principal private residence relief
Prior art
Priority date
Priority of mortgages
Private company
Private equity
Private finance initiative (PFI)
Private nuisance
Private placement
Private treaty sale
Privatisation
Privilege
Privilege against self-incrimination
Privileged documents
Privity of contract
Privity of estate
Pro bono
Pro rata
Probate
Probate Records Centre
Probationary period
Processing
Products guarantee insurance
Products liability insurance
Products recall insurance
Professional Securities Market (PSM)
Professional indemnity insurance
Professional liability insurance
Profit and loss account
Profit erosion period
Profit of pasturage
Profit participation agreement
Profit rate swap
Profit share agreement
Profit à prendre
Prohibited period
Prohibited steps order
Prohibitive order
Promissory note
Promoter
Proof of debt
Property adjustment order
Proportional consolidation
Proportionality
Proportionality (EU)
Proposal form
Proposals map
Proposer
Propound (a will)
Prospectus
Prospectus Directive
Prospectus Regulation
Prospectus Rules
Protected Assets Certificate
Protected building
Protected characteristic
Protected disclosure
Protected industrial action
Protected liabilities
Protected modification
Protected party
Protected rights
Protective award
Protective trust
Protector
Protocols
Provisional allotment letter (PAL)
Provisional damages
Provisional liquidation
Provisional liquidator
Proxy
Proxy battle
Prudential Regulation Authority (PRA)
Public Guardian
Public Sector Procurement Directive
Public Trustee
Public funding
Public funding certificate
Public holiday
Public law outline (PLO)
Public liability insurance
Public limited company (PLC)
Public nuisance
Public private partnership (PPP)
Public to private transaction (PTPs)
Puisne mortgage
Punitive damages
Purchase notice
Purchased goodwill
Purple book
Put option
Put up or shut up
Pyramid selling
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