Personal Allowance: Tax allowances are concessions by the Inland Revenue which can be used to reduce a person's Taxable Income. The main allowance for taxpayers is the 'personal allowance'; which is an amount of income that is tax free.

 

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Personal Allowance: Tax allowances are concessions by the Inland Revenue which can be used to reduce a person's Taxable Income. The main allowance for taxpayers is the 'personal allowance'; which is an amount o . . . View Full Definition

Personal Protective Equipment: Clothing and other work accessories (i.e., safety glasses, hearing protection, etc.) designed to create a barrier against potential workplace hazards.

Personal Property: Things that are tangible and movable, property that is not classified as real property, such as chattels. Title to personal property is transferred by way of a bill of sale, as contrasted wi . . . View Full Definition

Personal Responsibility and Work Opportunity Reconciliation Act Of 1996: P.L. 104-193 (September 22, 1996) was labeled as a major 'welfare reform' initiative. In addition to provisions making major changes to federal cash welfare, medicaid, work, and child care d . . . View Full Definition

Personal Symbol: Another term for a private symbol. See below.

Personal Tax View (Of Capital Structure): The argument that the difference in personal tax rates between income from debt and income from equity eliminates the disadvantage of the double taxation (corporate and personal) of income f . . . View Full Definition

Personal Possessions: The personal possessions of a deceased person which pass to the beneficiary or beneficiaries of the residue of estate unless otherwise stated in the will.

Personal People Meter (PPM): Hardware currently being tested by Arbitron. The PPM is a pager-sized device that is worn by consumers throughout the day to automatically detect inaudible codes that radio and television br . . . View Full Definition

Personal Income: Personal income is a person's total income which includes salary, transfer payments, dividend and interest income.

Personal Identification Number (PIN): A code used by a mobile telephone number in conjunction with an SIM card to complete a call.