Glossary
Work, labor rights, money, job hunting, housing — plain-language explanations of common terms.
Employment
13th Month Pay A mandatory extra payment given to rank-… SSS (Social Security System) The government social insurance program … PhilHealth The Philippine Health Insurance Corporat… Pag-IBIG Fund (HDMF) The Home Development Mutual Fund, a gove… Minimum Wage (per region) The lowest legal daily wage an employer … Regular vs Contractual (Endo) Regular employees perform work necessary… Final Pay The sum of all wages and monetary benefi… COE (Certificate of Employment) A document issued by an employer stating… Back Pay The money an employee receives after lea… DOLE (Department of Labor and Employment) The national government agency in charge…
Finance
TIN (Tax Identification Number) A unique number issued by the Bureau of … BIR (Bureau of Internal Revenue) The government agency responsible for as… Income Tax A tax on the income of individuals and b… SSS Salary Loan A cash loan offered by the Social Securi… Pag-IBIG MP2 Savings The Modified Pag-IBIG II program, a volu… GCash A widely used mobile wallet and financia… Credit Score A measure of how likely a borrower is to… 5-6 / Sangla Informal lending arrangements common in … Cooperative A member-owned organization where people…
Housing
Pag-IBIG Housing Loan A home financing program from the Pag-IB… Rent-to-Own A housing arrangement where a buyer occu… Condo vs House-and-Lot Two common property choices in the Phili… Transfer of Title The legal process of moving property own… Amilyar (Real Property Tax) The common Filipino term for real proper…
Education
Senior High School Tracks Under K-12, students in Grades 11 and 12… TESDA The Technical Education and Skills Devel… CHED Scholarship Financial assistance for college student… Board Exam A licensure examination given by the Pro… K-12 The basic education system in the Philip…
Health
PhilHealth Konsulta The Konsultasyong Sulit at Tama package,… HMO (Health Maintenance Organization) A private health plan, often provided as… Self-Employed Contribution The payments that self-employed individu…
Government & IDs
PhilSys National ID The Philippine Identification System ID,… NBI Clearance A document from the National Bureau of I… Barangay Clearance A certificate issued by the barangay, th… Cedula (Community Tax Certificate) The Community Tax Certificate, commonly … PSA Birth Certificate An official copy of a person's birth rec…
OFW
POEA / DMW The government body overseeing overseas … OEC (Overseas Employment Certificate) Also called the exit clearance, the Over… POLO / MWO The Philippine Overseas Labor Office, no… Illegal Recruiter A person or agency that recruits workers… Remittance Money sent home by overseas Filipino wor…