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Corporate and Institutional Glossary

Packing List Par Par Value Parcel Post Receipt Parcel Receipt Shipment Parity Payee Payment Date Perils Of The Sea Phytosanitary Certificate Pickle Lease Pip Point Port Of Discharge Port Of Entry Port Of Loading Position Power Of Attorney Pre-Authorized Payments Premium Prenotifications Present Value Presentation Time Price Per Share Pro-Forma Invoice Promissory Note Protest Purchase Contract Purchase Option Put Put Option

Prenotifications Also referred to as prenotes. Zero-dollar entries that are sent through the ACH system prior to live entries transactions to verify that the account is active and correct. Prenotes are optional; however, if they are used, companies must wait six days before sending the live dollar transaction.

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