PPP

See: purchasing power parity

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personal pension plan (PPP)

Private pension scheme run by insurance companies, unit trusts, building societies and banks. It aims to provide you with a pension at retirement plus other benefits. Unlike an occupational pension scheme, a personal pension plan need not be connected with a specific job.

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PPP PPP

FINANCE written abbreviation for purchasing power parity

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   Purchasing Power Parity. A theory which states that the rate of exchange between two currencies is in equilibrium when it exactly reflects the difference in cost of standard goods in the two countries. If the same radio costs £100 in the UK and $150 in the US, there is purchasing parity if the exchange is £1 = $1.5 and the radio costs effectively the same amount in both countries. Purchasing power parity cannot apply to immobile goods such as houses and it does not take into account distortions caused by transport costs and trade restraints, so standard goods that are widely available in both countries are used as a measure.

   ► See also Big Mac Index.

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PPP UK US noun

► [C] GOVERNMENT ABBREVIATION FOR PUBLIC-PRIVATE PARTNERSHIP(Cf. ↑public-private partnership)

► [U] ECONOMICS ABBREVIATION FOR PURCHASING POWER PARITY(Cf. ↑purchasing power parity)