Related Words

Affiliated Person: An individual who possesses enough influence and control in a corporation as to be able to alter the actions of the corporation.

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

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

Personal Trust: An interest in an asset held by a trustee for the benefit of another person.

Personal Video Recorder (PVR): Pvrs are digital devices that use a hard drive instead of videotape as the recording medium. Pvrs blend the features of a VCR with the programmability and storage of a computer.

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 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 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.