Alphabetical Glossary

P

A run-down of all of the relevant glossary terms beginning with "P"...

Politically Exposed Person (PEP)

A PEP is someone who holds or has held significant public office or is closely connected to such individuals. Secure, FCA-regulated service with Bank of England deposits.

Probate

Understand what probate is in the UK, when it's needed, how it works, and the steps involved in legally managing a deceased person's estate.

Probate Registry

Learn what the Probate Registry is, its role in the UK probate process, and how it issues legal documents like Grants of Probate and Letters of Administration.

Project Bank Account

Read more about the meaning of "Project Bank Account" and how they can be used in construction projects to reduce risk to the client and the supply chain, and deliver cost savings.

Prudential Regulation Authority (PRA)

Understand the role of the Prudential Regulation Authority (PRA) in the UK financial system, and how it regulates banks and insurers to ensure stability.

dospay Escrow & Payments

Articles

Information, guides and blogs about specialist escrow and third-party managed payment services.

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Pensions in the Age of Market Uncertainty – Avoiding Trapped Surplus

Escrow

Pensions in the Age of Market Uncertainty – Avoiding Trapped Surplus

Discover how pension deficit escrows offer a low-cost, efficient solution to avoid trapped surplus in defined benefit schemes amid market volatility.

Understanding FF&E Procurement: Should Interior Designers Purchase as Agent or Principal?

Third-Party Managed Accounts

Understanding FF&E Procurement: Should Interior Designers Purchase as Agent or Principal?

The devil lies in the detail - we explain the nuanced differences between the two.

High-Value Dealers: Part 3 - Simplifying Compliance with Third-Party Escrow Services

Third-Party Managed Accounts

High-Value Dealers: Part 3 - Simplifying Compliance with Third-Party Escrow Services

Outsourcing provides an opportunity for interior designers to lighten the compliance burden.

High-Value Dealers: Part 2 - Practical Steps for Compliance

Third-Party Managed Accounts

High-Value Dealers: Part 2 - Practical Steps for Compliance

Interior designers are now required to adhere to comprehensive anti-money laundering (AML) regulations. We detail the obligations.

High-Value Dealers: Part 1 – What's Changing and Why?

Third-Party Managed Accounts

High-Value Dealers: Part 1 – What's Changing and Why?

Regulators are taking a closer look at interior designers, art dealers and other high-value sellers.

Where to deposit party wall security for expenses

Escrow

Where to deposit party wall security for expenses

We look at the options for depositing party wall security for expenses under the Party Wall etc. Act 1996