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Pancasila or paƱca-sila is the fundamental code of Buddhist ethics, willingly undertaken by lay followers of Gautama Buddha. The term is Pali for "Five Virtues" (Five Rules or Precepts of Virtue) and is pronounced roughly "puntshaseela".
The laity undertake to follow these precepts at the same time as they become buddhist, taking refuge in the Triple Gem: In the Buddha (teacher), in the Dharma (teaching) and thirdly in the Sangha (pupils). Like all aspects of Buddhist dharma or teaching, the Pancasila are regarded as logically rather than supernaturally derived and are to be undertaken voluntarily rather than as "commandments" from a supernatural or mundane authority.
See also: Four Noble Truths, Noble Eightfold Path