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Financial terms starting with "P"

1. Public Risk Management Association (PRIMA)

2. payment option ARM minimum payment

3. Partial compensation

4. portable pension

5. premium margin

6. partner controlled insurance program (PCIP)

7. pre-encashable deposit

8. PAC Bond

9. Pipeline

10. protective tariff

11. Parental Kidnapping Prevention Act (Pkpa)

12. postern

13. P/E 10 Ratio

14. potentiometer

15. Project link

16. pavement saw

17. percolation

18. pressure regulator

19. point of beginning (POB)

20. Pure discount bond

21. Private Leased Circuit Service

22. pointing trowel

23. Population Vulnerability Analysis (PVA)

24. policy fee

25. Portfolio restructuring

26. Property Income Attributed To Insurance Policyholders

27. pre-depreciation profit

28. policy year

29. plaster ring

30. Pinwheel

31. purvey

32. postal account

33. Physical Capital

34. PSIA

35. prequalification of bidders

36. Public Sector Borrowing Requirement

37. panelboard

38. Per Se Illegal

39. Plan sponsor

40. plenishing nail

41. Pre-mining

42. pedestal lavatory

43. parameter risk

44. Price change

45. Pairs Arbitrage Trade

46. Proxy Committee

47. Preponderance Of The Evidence

48. phase

49. professional liability

50. Put an option

51. Participation Rate

52. preretirement survivor annuity

53. putty

54. property inspector

55. Partially Convertible Debenture - PCD

56. Position self

57. penny

58. purge

59. PISA International Socio-Economic Index Of Occupational Status (ISEI)

60. Private Certified Loans

61. Permanent buydown

62. PL

63. proceed

64. payable

65. pickled surface

66. poorly

67. PK (1)

68. Project Management

69. personal umbrella policy

70. precast concrete

71. purchasing group

72. palm sander

73. Profit/Loss

74. Pit committee

75. Put provision

76. Power Lunch

77. Police Court

78. Policyholder loan bonds

79. plug number

80. Product Specific Economies Of Scale

81. pitch pine

82. peso

83. Post Closing Trial Balance

84. proximate cause

85. Proceeding

86. Penal

87. participating reinsurance

88. Persons Not In Labour Force

89. Panel

90. Prototype

91. Paternity Leave

92. property damage insurance

93. Participate Order

94. Pure Sector Allocation Return

95. procurement

96. parapet wall

97. physical deficiency

98. Practice

99. Payable-on-death

100. Public Pension Funds

Note: Maximum 100 records reached. Please narrow your search.

Featured term of the day

Definition / Meaning of


Categories: Insurance, Personnel Management, Business and Management, Legal, ,

an acquired personal skill that is demonstrated in an employee's ability to provide a consistently adequate or high level of performance in a specific job function. Competence should be distinguished from competency, although in general usage the terms are used interchangeably. Early attempts to define the qualities of effective managers were based on lists of the personality traits and skills of the ideal manager. This is an input model approach, focusing on the skills that are needed to do the job. These skills are competencies and reflect potential ability to do something. With the advent of scientific management, people turned their attention more to the behavior of effective managers and to the outcomes of successful management. This approach is an output model, in which a manager's effectiveness is defined in terms of actual achievement. This achievement manifests itself in competences, which demonstrate that somebody has learned to do something well. There tends to be a focus in the United Kingdom on competence, whereas in the United States, the concept of competency is more popular. Competences are used in the workplace in a variety of ways. Training is often competence based, and the United Kingdom National Vocational qualification system is based on competence standards. Competences are also used in reward management, for example, in competence-based pay. The assessment of competence is a necessary process for underpinning these initiatives by determining what competences an employee shows. At an organizational level, the idea of core competence is gaining in popularity.

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