Any charge that is levied at a fixed interval. Commonly, daily or monthly charges.

A report published at a fixed interval, summarizing the events that occurred during that period.

When a company has some stocks which are up for sale, the company will show them on its balance sheet. These stocks will be shown on the financial statement once a sale

A tenant whose agreement continues from one period of lease to another until and unless terminated by the land owner himself through a statutory notice is known as a period tenancy.

Ability to estimate costs during a period of accounting is known as periodic valuation.

Any activity which occurs in an accounting period, to be recorded within a prescribed time period on the financial statement.

Any device that can be connected to the computer for input, output or communication functions. Examples include printer, scanner, keyboard, mouse, etc.

A reference to the fact that services cannot be stockpiled, or produced before they are to be consumed. Meaning they will be present only during the production phase.

Any item which has the ability to lose its value if it is not properly stored, or used up within a given period.

Any commodity which might get spoiled after a week of proper handling and shipping conditions.

Bonuses, or extra incentives that are given to employees exclusive of their salaries. For instance, an employee gets a credit card and a car from the company, as a ‘perk’.

PERL is a programming language which is used to create applications and programs that focus heavily upon Computer Graphics Interaction. A number of different tasks can be handled by PERL. The language

A form of disability from which there is no disability. A permanent disability occurs when the insured has been disabled for over six months.

An ordinary share, or common stock which does not need to be paid back. It is known as permanent financing too.

Any disability, or impairment, or loss of a person’s physical or mental senses, on a permanent level. Prevents a person from functioning normally.

An employee who is hired to work without any time frame for his exit. For instance, a contractual employee might have his contract rescinded, or will have to leave if it is

Employment done on a regular, continuing basis, rather than hiring on a contractual basis.

A fixed location from where business operations take place. Examples include offices, workshops and factories, etc. Taxes are charged on the permanent establishment if a business intends to perform for a longer

A mortgage loan or a bond that has been issued with a maturity period that extends between 15 to 30 years.

Known as a perpetual injunction, a permanent injunction is one which is granted after the trial hearing is complete. It is not levied on a permanent basis.