were first introduced by the government in the 1986 Budget in an effort to encourage and make easier investment in the stock market. Any UK resident aged 18 or over can take out a PEP. And you can take a new one out every tax year without losing the benefits of any plans previously taken out. Husbands and wives can each take out individual plans.

Personal equity plans. Tax free investment used to hold shares or unit trusts. To be phased out at the end of this tax year and replaced by Isas. Sales of Peps will end on 5 April 1999, but existing schemes can continue.

(Personal Equity Plans) Portfolio of shares and certain collectives (unit trusts and investment trusts) free of the usual tax constraints. Replaced by Individual Savings Accounts in April 1999.

The Pavillon de l'éducation physique et des sports de l'Université Laval ("Sports and Phys. Ed. Pavillion at the University of Laval"), or PEPS for short, is an indoor sports complex located in Quebec City, Quebec, on the campus of the Université Laval.

Peps converts encapsulated PostScript into bitmaps. It can simply convert EPS files into bitmap files, or it can work as a Unix filter that converts EPS from stdin into a bitmap written to stdout. It can be used to create scripts that create bitmaps dynamically using CGI, and can even send out the necessary HTTP Content-Type header.

The Prevention Enhancement Protocols System developed by CSAP.

Postsecondary Education Participants System, a database of postsecondary institutions that participate in any program administered by the U. S. Department of Education.