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This glossary of business definitions contains over 2,000 business terms used in compensation and benefits administration. Continually updated, this specialized business dictionary focuses on definitions of Human Resources terms and business terms.

A B C D E F G H I J K L M N O P Q R S T U V W - Z
Package
Paid Sabbatical
Paid-Up Policy
Paired Comparison
Par Value
Parachute
Paramedical Report
Paraprofessional
Parent and Subsidiaries
Parent Subsidiary Group
Parking
Partial Disability
Partial Disability Benefit
Participants
Participating Insurance Contract
Participating Policy
Participation
Particular Weight
Partnership Insurance
Part-Time Employee
Past Service
Pay Adjustments
Pay at Risk
Pay Compression
Pay Differentiation
Pay Equity
Pay for Performance
Pay for Time not Worked
Pay Grade
Pay in Lieu of Notice (PILON)
Pay Plan
Pay Policy
Pay Policy Line
Pay Position Strategy
Pay Range
Pay Range Overlap
Pay Satisfaction
Pay Steps
Pay Survey
Pay-as-you-go
Payee
Payout Frequency
Payroll Deduction Plan
Peer Comparison
Peer Review Organization
Penalties
Pension
Pension Benefit Guaranty Corporation (PBGC)
Pension Benefits Guarantee Fund
Pension Benefits Standards Act
Pension Equity Plan (PEP)
Pension Fund
Pension Index
Pension Plan
Pension Plans
Pension Trust Fund
Pension Versus Lump Sum
Per Capita Beneficiary Designation
Per Cause Deductible
Per Cause Maximum
Per Stirpes Beneficiary Designation
Percent
Percent Difference
Percentage Bar
Percentage Method Of Withholding
Percentage Participation
Percentile
Performance Appraisal
Performance Based Restricted Stock
Performance Culture
Performance Cycle
Performance Dimensions
Performance Log
Performance Management
Performance Measurement
Performance Period
Performance Sharing (Goal Sharing)
Performance Targets
Performance Unit Plan (PUP)
Peril
Period Certain
Permanent Capital
Permanent Transferee
Permitted Disparity
Perquisite
Persistency
Personal Interview Report
Personal Producing General Agency (PPGA)
Personal Producing General Agency (PPGA) System
Personal Selling Distribution System
Person-Based Pay
Phantom Options
Phantom Stock
Phantom Stock (Full Value)
Phantom Stock (Incremental Value)
Philosophy
Physical Examination Provision
Physical Examinations - Employer Assisted
Piece Rate
Piece Work
Plan Administrator
Plan Advisor
Plan Document
Plan Participant
Plan Sponsor
Plan Termination
Plan Year
PMSA
Point Factor
Policy
Policy Acquisition Costs
Policy Anniversary
Policy Charge
Policy Filing
Policy Loan
Policy Proceeds
Policy Provisions
Policy Reserve
Policy Summary
Policyholder
Policyowner
Pooled Trust
Pooling
Population
Portability
Portfolio
Portfolio Method
Position
Positive Correlation
Post Employment Benefits
Post Notice
Post Retirement Benefits
Power of Agency
PPO
Pre-Admission Review
Pre-Authorization
Pre-Authorized Payment System
Predetermination of Benefits Provision
Preference Beneficiary Clause
Preferred Provider Organization (PPO)
Preferred Shares
Preferred Stock
Pregnancy Disability Leave
Pregnancy Discrimination
Preliminary Inquiry Form
Premature Distribution
Premium
Premium Conversion
Premium Deposits
Premium Pay
Premium Receipt
Premium Reduction Option
Pre-Notice
Pre-Retirement Counseling
Preretirement Survivor Annuity
Prescribed Annuity Contract
Prescription Drug Formulary
Prescription Drug Plan
Present Value
Present Value Factor
Presumptive Disability
Prevailing Wage Rate
Price at Exercise
Primary Beneficiary
Primary Care Physician (PCP)
Primary Duty
Primary Provider of Benefits
Principal Business Activities
Private Benefit
Private Inurement
PRN
Probationary Period
Proceeds
Productivity
Professional in Human Resources (PHR)
Professional Reinsurer
Profit Sharing Plan
Profits
Progressive Incentive Formula
Progressivity of Incentives
Projected Benefit Obligation (PBO)
Projected Unit Credit (PUC)
Promotional Increase
Property Insurance
Property Plant and Equipment (PP&E)
Prospectus
Prototype Plan
Provider Fraud
Provision for Taxes
Proximate Cause of Death
Proxy Reporting
Proxy Statement
Prudent Expert Rule
Prudent Man Rule
Purchasing Power
Pure Endowment
Pyramiding

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