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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

Payment Protection Insurance that is available on many kinds of loans. Coverage is based upon your health. Should you be unable to make payments because of illness or injury, payment protection will protect you and your family.

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