Partnership—A firm; a union of two or more persons for the transaction of business or the ownership of property.
Payee—The one to whom money is to be paid. The one who pays the money is the payer.
Per Annum—By the year.
Per Cent or Per Centum—By the hundred.
Per Diem—By the day.
Personal Account—Any account with an individual, firm, or corporation.
Personal Property—All property other than real estate.
Petty Cash—A term used to signify small expenditures in actual cash.
Postdate—To date ahead; after the real date.
Post—To transfer amounts from books of entry to the ledger, which is the book of final record.