Terminologia Offshore Comercial
PLC. A UK public limited company .
Preferential transfer. A disposition of an asset that is unfair to other creditors of the transferor.
Pre-filing notice. Mailed by the IRS to parties (tax payers) who are believed to be participating in fraudulent trust programs. The notice requests that the receiver seek professional counsel before filing their next tax return.
Probate. The legal process for the distribution of the estate of a decedent.
Pure equity trust. A special type of irrevocable trust marketed by promoters. The trust assets are obtained by an "exchange" of a certificate of beneficial interest in return for the assets, as opposed to traditional means, such as by gifting.
Pure trust. A contractual trust as opposed to a statutory trust, created under the Common Law. A pure trust is one in which there must be a minimum of three parties(the creator or settlor (never grantor), the trustee and the beneficiary(and each is a separate entity. A pure trust is claimed to be a lawful, irrevocable, separate legal entity.