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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

Purchase Option A provision by which a lessee has the right to purchase the equipment at the end of the lease. The purchase option may be stated at fair market value.

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