Entries for P:
| Payday Loans - A form of short term low value loan, borrowed to cover expenses until your next pay day, when the loan is repaid. Payday loans usually work out to be much more expensive than other forms of credit in terms of APR | PAYE - Pay As You Earn, or the system under which tax is deducted from the wage or salary of employed people before it is paid | |
| Payment Holiday - A feature of some loans and mortgages where you can miss a certain number of payments a year without penalty | Penny Shares - An unoffical term for a share with a low value, although not necessarily as low as a penny. The shares tend to be in companies with a short trading history and are subject to high price volatility, making them attractive to small speculative investors | |
| Pet Insurance - Policy covering costs associated with owning pets, such as vets bills and emergency kennel fees | Phishing - The practice of trying to induce people to reveal personal details via email by pretending to be a legitimate company such as a bank. Any details such as bank account numbers and passwords obtained by this method are usually used to commit fraud | |
| Premium Bonds - A safe form of investment which guarantees you won't lose your money, and gives bond holders the chance to win tax-free cash prizes of up to £1m every month | Prepaid Credit Card - A payment card to which you must credit funds before you use it |
