permissible capital payment

permissible capital payment
= PCP
A payment made out of capital when a company is redeeming or purchasing its own shares and has used all available distributable profits as well as the proceeds of any new issue of shares.

Accounting dictionary. 2014.

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  • permissible capital payment — PCP A payment made out of capital when a company is redeeming or purchasing its own shares and has used all available distributable profits as well as the proceeds of any new issue of shares. See own shares purchase …   Big dictionary of business and management

  • capital redemption reserve — A reserve created if a company purchases its own shares in circumstances that result in a reduction of share capital. It is a reserve that cannot be distributed to the shareholders and thus ensures the maintenance of the capital base of the… …   Accounting dictionary

  • capital redemption reserve — A reserve created if a company purchases its own shares in circumstances that result in a reduction of share capital. It is a reserve that cannot be distributed to the shareholders and thus ensures the maintenance of the capital base of the… …   Big dictionary of business and management

  • Capital punishment — Death penalty and Death sentence redirect here. For other uses, see Death penalty (disambiguation) and Death sentence (disambiguation). Execution and Execute redirect here. For other uses, see Execution (disambiguation) and Execute… …   Wikipedia

  • Religion and capital punishment — Part of a series on Capital punishment Issues Debate · …   Wikipedia

  • own shares purchase — The purchase or redemption of its own shares by a company; this is permitted subject to certain conditions. For example, in the UK redeemable shares may only be redeemed if they are fully paid. If the redemption or purchase of a company s own… …   Accounting dictionary

  • own shares purchase — The purchase or redemption of its own shares by a company; this is permitted subject to certain legal restrictions. For example, in the UK redeemable shares may only be redeemed if they are fully paid. If the redemption or purchase of a company s …   Big dictionary of business and management

  • PCP — Abbreviation for permissible capital payment …   Accounting dictionary

  • PCP — Abbreviation for permissible capital payment …   Big dictionary of business and management

  • USURY — Biblical Law SOURCES If thou lend money to any of My people, even to the poor with thee, thou shalt not be to him as a creditor (nosheh), neither shall ye lay upon him interest (Ex. 22:24). And if thy brother be waxen poor and his means fail with …   Encyclopedia of Judaism

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