noun

• Initialism of purchasing power parity. [(economics) A theory of long-term equilibrium exchange rates based on relative price levels of two countries.]
• Initialism of pearly penile papules. [(urology) A harmless hereditary anatomical variation consisting of small protuberances that may form on the ridge of the glans of the human penis.]
• Initialism of public-private partnership. [(politics, government, business) An arrangement by which one or more private firms agrees to fund, create, or operate a facility, service, or other element of public infrastructure (such as a school, hospital, or highway) which is usually the sole responsibility of government, in return for all or some of the revenue generated by that facility or service.]
• Initialism of perfect passive participle. [(grammar) A participle, prominent in some languages (e.g. Latin, Greek) but less common in English, describing something that happened to a noun (the subject) in the past.]
• (UK, pensions) Initialism of personal pension scheme.
• (computing) Initialism of Point-to-Point Protocol.
• (US, politics, employment, COVID-19) Initialism of paycheck protection program. A U.S. federal government business loan program to allow businesses to continue to pay fixed costs and employees, for those business adversely impacted by COVID-19.