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permanent income

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  • Permanent income hypothesis — The permanent income hypothesis (PIH) is a theory of consumption that was developed by the American economist Milton Friedman. In its simplest form, PIH states that the choices made by consumers regarding their consumption patterns are determined …   Wikipedia

  • Permanent Income Hypothesis — A theory of consumer spending which states that people will spend money at a level consistent with their expected long term average income. The level of expected long term income then becomes thought of as the level of “permanent”… …   Investment dictionary

  • permanent income hypothesis — /ˌpɜ:mənənt ɪnkʌm haɪˌpɒθəsɪs/ noun the theory that people spend according to the average income they expect to receive in their lifetime …   Marketing dictionary in english

  • income tax — a tax levied on incomes, esp. an annual government tax on personal incomes. [1790 1800] * * * Levy imposed by public authority on the incomes of persons or corporations within its jurisdiction. In nations with an advanced system of private… …   Universalium

  • Income — This article is about theoretical attempts to define income. For its definition in United States law, see Income (United States legal definitions). Income is the consumption and savings opportunity gained by an entity within a specified time… …   Wikipedia

  • Permanent account number — (PAN) is a national identification number, issued to all taxpayers of India whose income is taxable. This number is issued by the Income Tax Office.This number is required for many activities such as opening an account, getting a phone line,… …   Wikipedia

  • Income protection insurance — (IPI) is a UK insurance policy paying benefits to policyholders who are incapacitated and hence unable to work due to illness or accident. IPI policies were formerly called Permanent Health Insurance (PHI).Relevant concepts* Incapacity will be… …   Wikipedia

  • permanent health insurance — noun A type of insurance that provides an income in cases of prolonged absence from work because of illness or disability (abbrev PHI) • • • Main Entry: ↑permanent …   Useful english dictionary

  • permanent health insurance — (PHI) A contractual benefit offered to employees that provides them with income if they become permanently disabled and unable to work in the capacity in which they were previously employed. Practical Law Dictionary. Glossary of UK, US and… …   Law dictionary

  • Permanent establishment — The concept of permanent establishment ( PE ) is one of the most important issues in international double tax treaty law. Virtually all modern tax treaties use PE as the main instrument to establish taxing jurisdiction over a foreigner s… …   Wikipedia

  • Permanent Settlement — The Permanent Settlement also known as the Cornwallis Code or Permanent Settlement of Bengal (Bangla: চিরস্থায়ী বন্দোবস্ত, Chirosthayi Bandobasto ) was an agreement between the East India Company and Bengali landlords, with far reaching… …   Wikipedia

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