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PENThe ISO 4217 currency code for the Peruvian Nuevo Sol.PEN Similar MatchesUnderfunded pension planUnderfunded pension planA pension plan that has a negative surplus (i.e., liabilities exceed assets). Personal pension planPersonal pension planA savings scheme introduced by the government in 1985 to enable the self employed, and employees working for companies not operating a group pension scheme, to build up a pension fund for retirement.PPPs are money purchase schemes and effectively replace what was known as a retirement annuity contract (RAC).Contributions to PPPs receive full tax relief up to maximum given percentages of net earnings for a range of ages.Life assurance may be purchased with up to 5% of net relevant earnings which will receive full tax relief. This percentage is included within the maximum contributions allowable.An employer may contribute to a person's PPP but this is not obligatory.Personal pensions can move with individuals when they change jobs.A PPP may be used to contract out of S2P. Economic dependenceEconomic dependenceWhen the costs and/or revenues of one project depend on those of another. Open accountOpen accountArrangement whereby sales are made with no formal debt contract. The buyer signs a receipt, and the seller records the sale in the sales ledger. Independent brokerIndependent brokerNYSE member who NYSE NYSE for NYSE and firms other than its own. Further SuggestionsInterest expensecompany pension scheme Opening purchase open end fund Compensating balance Capital expenditures Advance funded pension plan Open economy Open market operation simplified employee pension plan Open contracts Open-economy multiplier Buy on opening Marginal propensity to save penny shares Open end lease Pension plan Redemption penalties expenses in employment Marginal propensity Overhanging redemption penalty Planned capital expenditure program Full compensation Markovian Dependence Compensation |
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