Profit-related pay (PRP)

Profit-related pay (PRP)

A type of profit sharing for employees who used to have UK tax advantages if they took part of their earnings in this form. However, as PRP often did not follow the more volatile movements of company profits, the tax advantages have been phased out.

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Part of Speech: noun
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Industry/Domain: Business administration
Category: Financial management
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profit-related pay (PRP)

Business administration; Financial management

A type of profit sharing for employees who used to have UK tax advantages if they took part of their earnings in this form. However, as PRP often did not follow the more volatile ...

profit-related pay

Business administration; Business management

A type of profit sharing for employees who used to have uk tax advantages if they took part of their earnings in this form. However, as prp often did not follow the more volatile ...

cash flow

Business administration; Financial management

Cash flow is the movement of money in and out of a company. When more cash comes in than going out, it is said the company's operations are cash flow positive. A negative cash ...

K

Business administration; Financial management

A common abbreviation for one thousand, derived from the French ‘kilo’. It is used especially of money; for example, $50K = $50,000.

golden handcuffs

Business administration; Financial management

A financial inducement to an employee to stay, which is so favourable that he or she would find it difficult to leave the organization.

creative accounting

Business administration; Financial management

A form of accounting in which the presentation of financial data is manipulated to the advantage of an organization in any way possible within the law (or not, as the case may ...

indirect taxation

Business administration; Financial management

A form of taxation which is not paid directly to the government, as in direct taxation, but added to the cost of goods and services; for example, Value Added Tax or the tax on ...

shadow price

Business administration; Financial management

A guess or best estimate of the price of a product in the absence of a market in that product which can actually provide one. See also opportunity cost.

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