PET

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Related to petting: Heavy petting

PET

abbreviation for POTENTIALLY EXEMPT TRANSFER.

Collins Dictionary of Law © W.J. Stewart, 2006

References in classic literature ?

Jim said he would "jis' 's soon have tobacker in his coffee;" and found so much fault with it, and with the work and bother of raising the mullen, and jews-harping the rats, and petting and flattering up the snakes and spiders and things, on top of all the other work he had to do on pens, and in- scriptions, and journals, and things, which made it more trouble and worry and responsibility to be a prisoner than anything he ever undertook, that Tom most lost all patience with him; and said he was just loadened down with more gaudier chances than a prisoner ever had in the world to make a name for himself, and yet he didn't know enough to appreciate them, and they was just about wasted on him.

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The researchers calculate that if a child plays with a dog for 5 minutes within 24 hours of the dip, petting and rubbing the dog over an 80-square-inch area, the child could be exposed to an average of 0.9-1.9 mg/kg chlorpyrifos.

How risky is rover?: petting transfers pesticides. (Science Selections)

The petting of one's own dog with whom a bond had been established has been reported to achieve even greater effect over time than simply petting a dog.