PCL Banking Abbreviation

Provision for Credit Losses

Parcel

Part of the process of protecting a wire or rope by worm, parcelling and serving. Small tarred stuff is wound into the grooves of the lay to give the rope a smooth surface (worming). Tarred canvas is then wound around the smooth surface (parcelling) Finally a tarred seizing of thin wire or twine is tightly wound around all using a serving mallet to apply tension (serving).