Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

PERSONAL ASSETS

Any articles that possess value, such as real estate, cash, and jewelry, etc.

PERSONAL COMMUNICATION SERVICES (PCS)

The array of mobile phone services that make use of smaller phones. Primarily used for incoming and outgoing calls, sending and receiving text messages, etc.

PERSONAL COMMUNICATIONS NETWORK (PCN)

A wireless telephone system that is set with the help of affordable receivers, as well as lowly powered antennas. This is smaller than a city wide network, in which the rates are

PERSONAL EQUITY

Retaining a part of an employee’s equity. It is usually recognized on the financial statement of the company.

PERSONAL EXEMPTIONS

Amounts that are preset and can be deducted by a taxpayer for use on his own. Personal exemptions can also be made for each individual who is dependent upon the taxpayer.

PERSONAL GUARANTEE

An arrangement in which a person becomes liable for the debts of another party, in case the other party fails to clear their dues on time. Can be regarded similar to a

PERSONAL INFORMATION

Any part of information that is recorded about an individual person. Includes the name, email, address, ethnicity, race, identifying number, employment history, etc.

PERSONAL INJURY

A non physical injury that occurs due to wrongful eviction, slander, false arrest or by violating the right to privacy of any person.

PERSONAL INJURY PROTECTION

A specific term that is used in reference to benefits provided in certain states, such as those which are needed for vehicle insurance. Such a benefit commonly spans death by accident, or

PERSONAL LEAVE

Generally a paid leave given to a person in case of any personal reason (death of a loved one, birthdays, important events, etc.)

PERSONAL LIBERTY

The right of freedom of a person to behave as they would like. Though following the conduct code of the society in which a person resides is important.

PERSONAL PROPERTY

The belongings of an individual, excluding any real estate property or other buildings. Generally includes tangible and intangible assets of an individual.

PERSONAL PROPERTY FLOATER

An insurance policy which provides cover all personal property owned by an individual at any location. The presence of the insured is not required at the time or place of loss.

PERSONAL SPENDING

The amount of money spent by an individual on his or her own self. Personal spending covers shopping expenditure, car payables, as well as medical bills.

PERSONAL USE PROPERTY

Any property that can be utilized for personal use. Examples include clothing, vehicles, furniture, etc.

PERSONALIZATION

Adding personal references in any direct offer. Making use of customization techniques in order to exhibit a unique name/ quality on something.

PERSONALIZED INSTRUCTION

An easily customizable training program, which has pretty easy modules that can be customized as per the requirements of the individual taking the program.

PERSONALLY IDENTIFIABLE INFORMATION (PII)

Specific information that can be used to identify a person. Includes important information such as the name of the person, their place of residence, social security numbers, etc.

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