Loan and Mortgage Terms Glossary

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#	A
B	C
D	E
F	G
H	I
J	K
L	M
N	O
P	Q
R	S
T	U
V	W
Y	Z

PAC	Package Provision
PAM	P&I
Paper Profit	Par
Par Value	Parity
Parity Clause	Partial Payment
Partially Amortizing Loan	Participation
Participation Certificate (Pc)	Participation Loan
Partnership	Party Wall
Pass-Through Security	Passbook
Passbook Account	Passbook Loan
Past Due	Past Due Loan
Patent	Pay
Payables	Payee
Payer	Payment
payment cap	Payment Change Date
Payoff	Payoff Statement
PC	PCA
PCCR	Penalty Clause
Penny Stocks	Pension Fund
Percentage Interest Margin	Percolation Test
Perfecting A Title	Performance Bond
Performance Code	Performing Loan
Period Certain	Period Of Redemption
Periodic Payment Cap	Periodic Rate Cap
PERK	Permanent Lender
Permanent Loan	Perpetual Preferred Stock
Personal Check	Personal Identification Number (Pin)
Personal Loan	Personal Property
PI	PIN
Pipeline	PITI
PITI Reserves	Pl 104-121 Or Public Law 104-121 (Regulatory Fairness)
Pl 104-135 Or Public Law 104-135 (Hubzone)	Pl 106-50 Or Public Law 106-50 (Veterans)
Pl 85-536 Or Public Law 85-536 (The Sba Act)	Pl 85-699 Or Public Law 85-699 (Investment)
PLAM	Planned Amortization Class
Planned Unit Development (PUD)	Plat
Pledged Account Mortgage (Pam)	Pledged Loan
PMI	PMSR
PO	Point
Pollution Control Loan Program	Ponzi Scheme
Pool	Portfolio
Position	Postal Money Order
Posting	Power Of Attorney
PPAS	PRC
Pre-Approval	Pre-Qualification
Preauthorized Payment	Preexisting Use
Prefabricated Housing	Preferred Debt
Preferred Lender Program (Plp)	Preferred Stock
Preliminary Examination Response Kit (Perk)	Premium
Prepayment	Prepayment Clause
Prepayment Penalty	Prequal
Prescriptive Code	Present Value Cost
Preservation Of Capital	Price
Price-Level-Adjusted Mortgage (Plam)	Prima Facie
Primary Dealer	Primary Market
Prime Rate	Principal
Principal Balance	Principal Basis
Principal, Interest, Taxes, And Insurance (PITI)	Principal Office
Principal Only (Po)	Prior Lien
Private Enterprise	Private Mortgage Insurance (PMI)
Private Placement	Private Sector
Pro Forma Statement	Pro Rata
Probate	Problem Institution
Profit	Profit And Loss Statement
Profit Center Accounting	Program Trading
Progress Payment	Promissory Note
Property	Property Appraisal
Property Tax	Proprietorship
Prorate	Prospectus
Proxy	Public Auction
Public Sector	PUD
Punch List	Purchase Accounting
Purchase Agreement	Purchase-Money Mortgage
Purchase Money Transaction	Purchase Option
Purchased Credit Card Relationships (Pccr)	Purchased Mortgage Servicing Rights (Pmsr)
Purchasing Power	Put
PVO

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