WORK IN PROGRESS Definition

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WORK IN PROGRESS a piece of work that is not yet finished.

Learn new Accounting Terms

BAY, in business / accounting, means Buy Another Yearly.

PERSONAL EQUITY PLAN (PEP) was an investment plan in the U.K. that used to allow people over the age of 18 to invest in shares of U.K. companies. The plan encouraged investment by individuals. Discontinued in 1999, it was replaced by Individual Savings Accounts (ISA). It was done through an approved plan, qualifying unit trust, or investment trust. Investors received both income and capital gains free of tax.

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