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This glossary is a FREE SERVICE to assist the student and enthusiast alike to get a better understanding of financial terms, analyst industry jargon and monetary concepts. It is a free service to all internet users.
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
  
Exact search         lion Contains the word      millions
Starts with word     lioness Ends with word          million
 
peril a peril is the possible cause of a loss

person (financial) Person means any natural person, partnership or trust, and includes any State organ, any company and any Body of persons corporate or unincorporated. The term ‘natural person’ is used simply to distinguish a natural person from a legal person such as a trust or a company.

poca The Prevention of Organised Crime Act

pocdatara The Protection of Constitutional Democracy Against Terrorism and Related Activities Act

policy schedule the list of personal details of the insured and the subject matter of the insurance in a policy

premium the money paid by the insured to the insurer for cover as specified in the insurance policy. It may also contain terms and conditions additional to the policy wording.

premium rate the price per unit of insurance, based on a percentage of value

pro rata premium the premium based on the length of time for which the insurer was actually on risk

probability the chance of an event occurring

product supplier Any person who issues a financial product by virtue of an authority, approval or right granted to such person under any law.

profitability (Return on sales, operating profit margin, PBIT%, EBIT%) Profitability is operating profit on sales. It is the first value driver in the ValueDriver model [Profitability, P = EBIT]

profitability b (Retained earnings, retained income) Retained profit is the final amount of profit remaining in the company for reinvestment after paying dividends. [Retained profit = NPAT – Dividends]

proximate cause a direct cause of a loss which is uninterrupted by any other event