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

The person who has vested privileges of ownership in the policy, such as the right to assign the policy as collateral, receive cash values and dividends, designate a new owner, and change revocable beneficiaries.