CC and Rs: Covenants, conditions and restrictions are limitations on land use, which are imposed by deeds, usually when land is subdivided. CC&Rs are a means of regulating building construction, density and use. May be referred to simply as restrictions.

 

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CC and Rs: Covenants, conditions and restrictions are limitations on land use, which are imposed by deeds, usually when land is subdivided. CC&Rs are a means of regulating building construction, densit . . . View Full Definition

Personal Ending: In linguistics and grammar, a verb inflection that shows if the subject is first person, second person, or third person.

Personal Equity Plan: A plan where people over the age of 18 could formerly invest in the shares of state and companies via an approved plan manager or through qualifying unit trusts and investment trusts and rec . . . View Full Definition

Personal effects coverage : Additional car rental insurance covering loss of personal property from the rented vehicle.

Personal Exemption: Amount of money a taxpayer can exclude from personal income for each member of the household in calculation of a tax obligation.

Personal Digital Cellular (PDC): The Japanese cellular standard.

Personal Communications Service (PCS): A second-generation digital voice, messaging and data cell phone system in the 2GHz range. PCS is supported mostly by GSM. PCS systems use a different radio frequency (1.9 GHz band) than cel . . . View Full Definition

Personal Days: A benefit designed to provide employees with an allotment of paid days off in addition to holidays, sick days or vacation days, which they can use to attend to personal matters.

Personal Foul: A foul that might cause injury; punishable by a 15-yard penalty.

Personal Guarantee: A guarantee that the primary owner will assume personal responsibility for repayment of the loan, should the company not repay the loan.