Abbreviations - P

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The following are the list of abbreviations commonly used in business. These abbreviations include abbreviations used in Export, abbreviations in Import, list of antonyms in shipping trade, abbreviations used in freight forwarding business and commonly used terms in customs brokering. Popularly used abbreviations in banking, commonly using tax abbreviations and other list of generally used business terms are also included in this article. If you would like to add up more abbreviations to this article which is commonly used in your region, you may write at bottom of this article. Please make sure, you are adding only ‘commonly using abbreviations’ in business, as this category is meant for import and export.

P & I Protection & Indemnity 

P & ND "Theft, Pilferage and non-delivery
P&I Club-Protection and Indemnity Association
P&I Protection and Indemnity
P&I Protection and Indemnity Insurance
P&I--Principle and interest payment
P&L--Profit and loss statement
P&Z--Planning and zoning
P.F.T. Per Freight Ton
P.L. Partial Loss
P.L.--Public Law
P.L.T.C. Port Liner Term Charges
P.L-Partial Loss
p.o.c.--Paid outside of closing
P.O.D. Pay on Delivery
P.P. PerPendicular
P/A Particular Average
P/A Private Account, Particular Average, Power of Attorney
P/C "Price current, per cent
P/C Private Current, Percent
P/E price-to-earnings ratio
P/E Purchase Enquiry
P/L Partial loss
P/L---Packing List ; Paperless
P/N Promissory Note
PAB--Private activity bond
PACS - Primary Agricultural Credit Society
PACS Primary Agriculture Credit Societies
PAD - Public Accounts Department
PAL--Passive activity loss
PALS--Property and asset liquidation specialist
PAM--Pledged account mortgage
PAN - Permanent Account Number
PAP - Processed Animal Protein
PA---Particular Average
PA--Periods after
PA---Power of Attorney
para. Paragraph
PAT Profit After Tax
PATS--Participants Acceptance Testing System
Pax Passenger Vessel
PSS Payment and Settlement Systems



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PB Performance Bond
PBA : Paid By Agent
PBA Port of Bristol Authority
PBA--Pending bank approval
PBC--Prepared by client
PBGC--Pension Benefit Guarantee Corporation
PBM--Pharmacy benefits management
PBOC People's Bank of China (the Central Bank)
PBT Profit Before Tax
PC Period of Charter
PCA - Prompt Corrective Action
PCAOB--Public Company Accounting Oversight Board
PCA--Private collection agency
PCARDB Primary Cooperative Agriculture
PCB--Potential current beneficiaries
PCCM--Percentage of completion capitalized cost method
PCE--Personal consumption expenditure; personal consumption expenditure deflator
PCFRC--Private Company Financial Reporting Committee
PCGO Part Cargo
PCM--Percentage of completion method
PCPS - Perpetual Cumulative Preference


PCS--Post-contract customer support
PCT Percent
PCT--Platform contribution transaction
PCT--Preliminary or contemporaneous transactions
PD Primary Deficit
Pd Paid or passed
PD Port dues
PDAI Primary Dealers Association of
PDA--Private debt collector
PDI - Perpetual Debt Instruments
PDM--Product data management
PDO - Public Debt Office
PDO Public Debt Office
PDO-NDS - Public Debt Office –cum- Negotiated Dealings
PDPR Per Day Pro Rata
PDs - Primary Dealers
PDS - Public Distribution System
PDS--Private delivery service
PE - Private Equity
PE Period entry
PEC--Potential earnings converted
PEO Programme Evaluation Organisation (PEO)
PEO--Professional employer organization
PEP Projects and Export Policy Division (BOTB)
PE--Pass-through entity (rare see PTE)
PE--Permanent establishment
PEP--Personal exemption phaseout
PE--Process examiner
per pro on behalf of
PER SE By Itself
PERAB--President's Economic Recovery Advisory Board
PERC Political and Economic Risk Consultancy
PERC--Premiums, earnings and reasonable charges
PERT--Program evaluation and review technique
PES Public Enterprises Survey
PF Provident Fund
PFA--Pre-filing agreement
PFCE - Private Final Consumption Expenditure


PFIC--Passive foreign investment company
PFRDA - Pension Fund Regulatory and
PFS--Personal financial specialist
PGE Permantent Group of Experts (WTO)
PGH Per Geard Hatch
PGI--Potential gross income
PHA - Port Health Authority
PHC--Personal holding company
PHPD Per Hatch Per Day
PIA--Primary insurance amount
PICARD Partnerships in Customs Academic Research and Development (WCO)
PICC People's Insurance Company of China
PIF--Pooled income fund
PIG--Passive income generator
PIIA Pakistan Institute of International Affairs
PIK--Payment in kind
PILOT--Payment in lieu of taxes
PIM--Product information management
PIO Persons of Indian Origin
PIPE--Public investment in private equity
PIRA Packing Industry Research Association
PIRG--Public interest research group
PIT - Personal Income Tax
PITI--Principal, interest, taxes, and insurance
PIT--Personal income tax
PJ--Purchases journal
PKD Partially Knocked Down
pkge Package
PKI - public key infrastructure
PL Partial Loss
PL/PD--Personal liability/property damage
PLA Port of London Authority
PLE--Personal living expenses
PLET--Personal liability for excise tax
PLM--Product life-cycle management
PLR--Private letter ruling
pm Premium
PMAC Period Moving Average Cost
PMEGP - Prime Minister Employment Generation
PMI--Private mortgage insurance
PMLA - Prevention of Money Laundering Act
PMO Prime Minister Office
PMRY - Prime Minister’s Rojgar Yojana
PMS Permanent Manual System
PMSA--Primary metropolitan statistical area
PMTA--Program Manager Technical Advice
PMV Present Market Value
PNB Punjab National bank
PNCPs - Perpetual Non-Cumulative Preference
PNTR Permanent Normal Trade Relations
PO Principal Office
PO Profit Objective
PO Purchase Order
PO "Post Office, purchase order, payment order
POA Place Of Acceptance
POAO - Product of Animal Origin
POA--Power of attorney
POC--Proof of claim
POD Paid on delivery/Proof of delivery
POD--Payable on death
POD--Proof of delivery
POE--Point of entry
POF Proof Of Funds
Pofec - Principles of Fair Electronic Contracting (ICC)
POL - Petroleum, Oil and Lubricants
POP Proof Of Product, Proof Of Purchase
PO--Posession of the U.S.
POP--Premium only plans
PO--Purchase order
POQ--Periodic order quantity
POS – Point of Sale (a checkout point in retail stores, or the hardware behind it)
POS Point of sale
POS--Point of service (related to health care plans)
Post Entry UK customs export declaration up to 14 days after shipment
POT (able) POTable water
PP : Charges Prepaid
PP&E Property, plant, and equipment
PPACA--Patient Protection and Affordable Care Act of 2010 (P.L. 111-149)
PPA--Paperwork Reduction Act
PPA--Pension Protection Act of 2006
P--Parent Corporation
PPD Prepaid
PPE--Property, plant and equipment
PPI Producer price index.
PPIA--Partial payment installment agreement
PPIP--Public Private Investment Program
PPI--Producer price index
PPISA--Property placed in service after
PPM Process and Production Method
PPO--Preferred provider organization
PPP - Public Private Partnership
PPP Purchasing power parity
PPS--Practitioner Priority Service
PPT Promptly
PR Purchase Requisition
PR Parcel Receipt
PRA Pre Receival Advice
PRA--Paperwork Reduction Act of 1980
PRATIQUE Licence or permission to use a port
PRB Primary Revenue Balance
PRC People's Republic of China (also called mainland China as opposed to Taiwan)
PREAMBLE Introduction to a charter party
PRGF Poverty Reduction and Growth Facility (of IMF)
PRI--Program related investments
PRO = Public Relations Officer
PROFORMA Estimated Account
PRO--Problem solving officer

PR---Post Receipt 

PRP--Potentially responsible party
PRP--Preferred risk policy
PRP--Problem resolution program
PRWORA--Personal Responsibility Work Opportunity Reconciliation Act of 1996
PSBs - Public Sector Banks
PSC Port Service Charge
PSC RB -Proficiency In Survival Craft & Rescue Boats
PSC Production Sharing Contract
PSC--Personal service corporation
PSD Pre-shipment document
PSE Producer Subsidy Equivalents
PSE Public Sector Enterprises
PSE--Payment Settlement Entity
PSI - pre-shipment inspection service
PSI Preshipment inspection
PSP--Payroll service provider
PSR--Presentence report
PSS Act - Payment & Settlement Systems Act
PSSR -Personal Safety & Social Responsibility
PST -Personal Survival Techniques
PSUs - Public Sector Undertakings
PSV Plattform Supply Vessel
PT Preferential Treatment
PTA Preferential Trade Agreement
PTA Preferential Trade Area
PTC--(wind) Production tax credit
PTE--Pass-through entity
PTE--Prohibited Transaction Exemption
PTI Press Trust of India
PTIN--Preparer tax identification number
PTI--Previously taxed income
PTL Partial total loss
PTO--Paid time off
PTP--Publicly traded partnership
PTTP--Post-termination transition period
PTT--Prohibited transaction tax
Pub. L.--Public Law
PUC Paid Up Capital
PUCC Port Users Consultative Committee
PUD--Planned unit development
PUS Plus Us
PV PetiteVitesse(slow goods train)
PV Present value
PVFC--Prepaid variable forward contract
PV--Present value
Pvt BW Private Bonded Warehouse
PWBA--Pension and Welfare Benefits Administration
PWH Per Workable Hatch
PWWD Per Weather Working day
PYA--Prior year amount
PY--Prior year
PY--Processing year

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The above are the list of abbreviations commonly used in business. These abbreviations include abbreviations used in Export, abbreviations in Import, list of abbreviations in shipping trade, expansions used in freight forwarding business and commonly used terms in customs brokering. Popularly used abbreviations in banking, commonly using tax abbreviations and other list of generally used business terms are also included in this article. If you would like to add up more abbreviations commonly used in your region, you may write such enlargements below. Please make sure, you are adding only ‘commonly using abbreviations’ in business, as this category is dealt with international trade.


The above information is a part of Export Import Online Tutorial

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