Pawn ticket – in terms of Commercial Law this legal phrase details the proper receipt issued by the pawnhouse against the goods they have received.

Pawnable – this term in the sphere of Law of Contracts refers to a movable asset that can be given as pledge to secure a loan previously given.

Payroll period – this phrase is used in the Employment Law, where details the deadlines for regular payment of the salary, which is money earned after taxes are deducted – usually a term of two weeks between each payment towards…

Payor – in the sphere of Business Law in many jurisdictions, this legal term describes the figure of a person or party, who makes payment against job done to them, or for the purchase done by them, towards the payee,…

Payoff statement – this legal phrase is used in Law of Contracts, where details a precise statement, showing the amount of the obtained loan, the details of the individual installments, dates of payment, the interests, taxes, etc. Its role is…

Payoff Deed – in terms of Real Estate Law, this phrase details a Title Deed which is sale contract, signed on a straight property purchase – i.e. where the buyer pays the total purchase price in one go, and not…

Payment order – this term is used in the Banking Law in many jurisdictions, where refers to a document, issued and signed by a bank, which is certifying managed by the bank valid payment towards the bank account of the…

Payment clauses – in terms of Law of Contracts, this phrase refers to the terms and conditions of payment by the debtor against the items or services they are about to receive following the provisions of the concluded contract.

Payment card – in terms of Banking Law this phrase describes credit card, debit card, or gift card issued by a bank towards the payer, which allows them to perform direct debit of their account for payment of the goods…

Payment cap – in terms of Contract Law, this legal phrase refers to the maximum rates that apply to flexible amounts of the various installments – usually used for repayment of mortgage loans. The payment cap is the top amount,…