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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

Probate A court-supervised process that determines whether a person's will is authentic. Probate typically encompasses a probate judge's review of a will and an executor's efforts to distribute property as specified by the decedent.

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