PPP

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PPP

Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Purchasing Power Parity

The theory stating that, in an efficient market, the exchange rate of two currencies results in equal purchasing power. That is, if one pound is worth two dollars, one pound in England should buy the same amount in goods and services that two dollars can buy in the United States. Fixed exchange rates, taxes, and other inefficiencies are thought to disrupt purchasing power parity. Some theorists believe the idea holds most true when comparing countries or regions with similar standards of living.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Ministerio del Poder Popular para la Planificacion, MPPP. (2007).
En esas condiciones, el 25 de febrero de 1994, las MPVA y las MPPP empezaron un proceso de reinsercion con el respaldo del Gobierno nacional, y tres meses despues, el 26 de mayo, firmaron la desmovilizacion con la Asesoria de Paz y Convivencia de la Alcaldia de Medellin, ente creado en especial para dichas negociaciones.
Contrario a la naturaleza guerrillera, en la que se movilizan sentimientos de exclusion, las MPVA, por su caracter hibrido y adaptacion al espacio urbano, terminaron capitalizando tambien los deseos de inclusion de los pobladores (el caso de las MPPP era distinto, como se dijo, pues su fundamentalismo las llevo a un alejamiento de cualquier tipo de participacion politica y, en consecuencia, a unas relaciones menos amables con muchas organizaciones civicas).
Paired plans may consist of an MPPP that provides a fixed contribution of 10% of compensation, along with a profit-sharing plan that allows the employer to contribute a discretionary amount ranging from 0%-15% of participants' compensation.
Give at least 15 days advance notice to participants that MPPP contributions will be frozen (ERISA Section 204(h)).
414(1), the transfer of assets and liabilities from an MPPP to a profit-sharing plan is considered a spinoff of the assets and liabilities from the MPPP and a merger of those assets and liabilities with those of the profit-sharing plan.
In Situations 1 and 2, (1) all of the employees covered by the converted or merged MPPP remain covered under the continuing profit-sharing plan, (2) the MPPP assets and liabilities retain their characterization under the profit-sharing plan and (3) the employees vest in the continuing profit-sharing plan under the same vesting schedule that existed under the MPPP.