Payroll is a list of employees of a company who are entitled to receive a salary or other compensation for their work, showing how much each person earns, and sometimes including senior employees such as managers. It also refers to the total amount of money that must be paid to employees.
A peculator (also referred to as an embezzler) refers to a person who steals money that was under their supervision, by utilizing the benefit or convenience created by their position. The money is not limited to cash, and can include vouchers, or any monetary benefit entrusted by the peculator who doesn’t legally own it.
Pecuniary means relating to money or financial matters.
[Last reviewed in July of 2025 by the Wex Definitions Team]
Perfect in law often means to complete all the steps necessary to have a clear right or interest in something. Most commonly, perfect refers to the process of publicly establishing a security interest in collateral for purposes of gaining priority.
Perfected refers to security interests that have been established publicly through one of the methods of perfection to gain priority. Among competing security interests, a security that is perfected will prevail over other unperfected security interests (see U.C.C. § 9-322(a)).
Perfection is the process of publicly establishing a security interest in collateral for purposes of gaining priority. Among competing security interests, a security that is perfected will prevail over other unperfected security interests (see U.C.C. § 9-322(a)).
Periodic reports are documents that public companies must continuously file with the Securities and Exchange Commission (SEC) which disclose material updates on the company’s business operations.
PMI is an abbreviation for private mortgage insurance, which is a type of insurance that insures the mortgagee, as the lender, against losses resulting from a breach of the mortgagor's obligation to repay the
A postdated check is a check that is dated in the future. A postdated check has the same effect as if it had not been issued until the day that it is dated and is not payable until that date. Postdated checks are functionally similar to promissory notes in that they are both promises to pay at some time in the future. Generally, the law does not prohibit the use of postdated checks, absent any fraud.
