PERSONAL FINANCE GLOSSARY

P/E

Passive Management

Pay Date

Payee

Payee Account Number

Payment Protection

Percent Change

Percent Profit

Period Certain Payout

Periodic Rate

Points

Policy Owner

Policy Year

Preferred Risk

Preferred Shares

Premium

Premium Tax

Prepaid Tuition Plan

Prepayment Penalty

Prequalification

Previous

Price-to-Earnings Ratio (P/E)

Primary Beneficiary

Prime Rate

Principal

Private Mortgage Insurance (PMI)

Probate

Proceeds

Prospectus

Put Option

Loan fees charged by the lender in addition to the contract interest rate and typically paid in advance or financed into the loan amount. A point is typically one percent of the loan amount.