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Lexique

VIEW THE DEFINITIONS OF TECHNICAL TERMS.

 

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A [9] B [10] C [11] D [12] E [13] F [14] G [15] I [16] J [17] L [18] M [19] N [20] O [21] P [22] R [23] S [24] T [25] U [26] W [27]
7 résultat(s) pour votre recherche
Performance bond : [28]

Commitment made by a person to pay the debt of a debtor if the debtor fails to do so.

 

Source: Banque de France

Personal account : [29]

As opposed to a business account [30].

Plan d’Epargne d’Entreprise (PEE) account : [31]

Type of company savings scheme in which the sums paid by employees are blocked for at least five years, except in cases of early withdrawal.  Capital increases reserved for employees generally occur through a PEE. The income and capital gains are exempt from income tax but are subject to social security charges.

 

Source: Banque de France

Plan d’épargne logement (PEL) account : [32]

Regulated savings [33] product that allows loans to be issued to finance expenses related to purchasing a primary residence or, under certain conditions, homes which have another purpose. Unlike a home savings account, the PEL has a minimum term of four years and a maximum term of 10 years. After that time, the scheme can continue to exist but payments can no longer be made to it. The savings interest rate is set for the entire term of the scheme at the rate in effect when the PEL is opened. The money earned on a PEL consists of an interest rate and a government premium. For schemes opened after 12 December 2002, the payment of the premium is linked to the loan being granted. The maximum amount of deposits is €61,200.

 

Source: Banque de France

Plan d’Epargne Populaire (PEP) account : [34]

Regulated savings [33] product. Since 2003, it is no longer possible to open a new PEP; however, existing PEPs remain in effect and funds can be deposited into them up to the maximum deposit amount (€92,000). At the end of the scheme, the holder may receive a lump-sum payout or a life annuity.

 

Source: Banque de France

Plan d’Epargne pour la Retraite Collectif (PERCO) account : [35]

Collective pension savings scheme which allows the employees of a company or group of companies to save, in some cases with help from their employer, by investing in transferable securities [36]. Employees enjoy favourable tax treatment in exchange for their savings being blocked, generally until the retirement age. The sums paid are therefore blocked until the employee retires, barring exceptional circumstances explicitly provided by law.

 

Source: Banque de France

Plan d’Epargne Retraite Populaire (PERP) account : [37]

Group life insurance policy through which savings are built up over a long period of time, leading to the payment of a life annuity upon retirement. The savings are available, at the time of retirement, in the form of a lump-sum payout only for the purchase of a primary residence (first-time home ownership). In addition to the life insurance regulations applicable to PERPs, the operation of this scheme is subject to specific provisions. Under certain conditions, a PERP offers an upfront tax advantage (deduction of the payments made).

 

Source: Banque de France