Glossary

Paperwork Pari passu Partial shipment Past due Payment protection insurance Payment terms Payout ratio Penalty clause Perfection Performance risk Periodic rate Personal guarantee Portfolio Portfolio turnover Post-shipment finance Pre-approval Pre-funding Pre-qualification Pre-settlement Prepayment Prepayment penalty Present value Presentment Price risk Prime rate Principal Principal amount Private label Pro-rata Processing fee Profit margin Profitability Proforma invoice Project finance Promissory note Provisions Purchase ledger