Glossary of Stock Market Terms

Browse Terms By Number or Letter:
Financial Terms By: P
"Participate but do not initiate"
"Put it on "
"Put pants on it "
P
P & I
P&L
P&S
P-coast
P/B
P/E
P/E effect
P/E ratio
P/S
P2P
PA
PAB
PAC (1)
PAC (2)
PAC Bond
Pac-Man strategy
Pacific Stock Exchange
Package mortgage
PAD
Paid in surplus
Paid up
Paid-in capital
Paid-up policy
Painting the tape
Paired off
Paired shares
Pairoff
PAK
PAN
Panic buying or selling
Paper
Paper dealer
Paper gain (loss)
Par
Par bond
Par value
Par value of currency
Par yield
Parallel bonds
Parallel loan
Parallel shift in the yield curve
Parameter
Parent company
Pari passu
Paris Bourse
Paris Interbank Offer Rate (PIBOR)
Parity
Parity value
Parking
Parking violation
Part B prospectus
Partial
Partial compensation
Partial Vote
Participant
Participant risk
Participating buyer/seller
Participating convertible preferred stock
Participating dividend
Participating fees
Participating GIC
Participating life insurance policies
Participating preferred stock
Participation
Participation certificates (PC)
Participation loan
Partner
Partnership
Partnership agreement
Party in interest
Pass the book
Pass-through coupon rate
Pass-through rate
Pass-through securities
Passive
Passive Activity Loss (PAL)
Passive bond
Passive income
Passive Income Generator (PIG)
Passive investing
Passive investment management
Passive investment strategy
Passive management
Passive portfolio
Passive portfolio strategy
Past due balance method
Patent
Path-dependent option
Pattern
Pay-as-you-go basis
Pay-down
Pay-in-kind toggle notes (PIK toggle notes)
Pay-to-play
Pay-up
Payable date
Payable through drafts
Payables
Payback
Payback period
Payee
Payer
Paying agent
Payment
Payment date
Payment float
Payment-in-kind (PIK) bond
Payments netting
Payments pattern
Payments System
Payoff diagram
Payoff profile
Payout period
Payout ratio
PBC
PBGC
PBOC
PC
PCAOB
PCE
PCN
PDCF
PE
Peak
Pecking-order view (of capital structure)
PEFCO
PEG Ratio
Pegged exchange rate
Pegging
PEN
Penalty clause
Penalty tax
Pennant
Penny stock
Pension Benefit Guaranty Corporation (PBGC)
Pension fund
Pension liabilities
Pension parachute
Pension plan
Pension Protection Act of 2006
Pension reversion
Pension sponsors
Penultimate profit prospect (PPP)
People pill
People's Bank of China (PBC or PBOC)
PER
Per annum
Per capita debt
Per stirpes
PERC
Percent to double
Percentage financial statement
Percentage order
Percentage premium
Perfect capital market
Perfect competition
Perfect forecast line
Perfect hedge
Perfect market assumptions
Perfect market view (of capital structure)
Perfect market view (of dividend policy)
Perfected first lien
Perfectly competitive financial markets
Performance Accelerated Restricted Stock Award Plans ("PARSAPs")
Performance attribution analysis
Performance bond
Performance evaluation
Performance fund
Performance index
Performance measurement
Performance shares
Performance stock
Period of digestion
Period-certain annuity
Periodic call auction
Periodic payment plan
Periodic payments
Periodic purchase deferred contract
Periodic rate
PERLS
Permanent Assets
Permanent Current Assets
Permanent financing
Permanent spontaneous current Liabilities
Permissiable nonbank activities
Perpendicular spread
Perpetual bond
Perpetual inventory
Perpetual warrants
Perpetuity
Perquisites
Personal article floater
Personal consumption expenditure (PCE)
Personal exemption
Personal income
Personal inflation rate
Personal property
Personal tax view (of capital structure)
Personal trust
Petrodollars
PF
PG
PGK
PH
Phantom income
Phantom Stock Award
Phantom stock plan
Phase space
Philadelphia Board of Trade (PBOT)
Philadelphia Stock Exchange (PHLX)
Philippine Stock Exchange
Phillips Curve
PHL
PHLX
Phone switching
PHP
Physical asset
Physical commodity
Physical completion
Physical option
Physical verification
PIBOR
Pickup
Pickup bond
Picture
Pie model of capital structure
Piece
Pier
Piggyback mortgage
Piggyback registration
Piggybacking
PIK
PIK (Payment-in-kind) securities
Pink sheets
Pip
PIPE
Pipeline
Pit
Pit committee
Pitch book
PITI
Pivot
PK (1)
PK (2)
PKR
PL
Place
Placement
Placement ratio
Plain vanilla
Plain vanilla swap
Plan agreement
Plan for reorganization
Plan participants
Plan sponsors
Planned amortization class (PAC)
Planned capital expenditure program
Planned financing program
Planning horizon
Plant
Player
Playing the market
Plaza Accord
PLC
Pledging
PLN
Plow back
Plowback rate
Plug
Plus
Plus a match
Plus tick
Plus tick seller
PLW
PM
PMI
PN (1)
PN (2)
PNG
PO
Point
Point and figure chart
Point Attractor
Points quote
Poison pill
Poison put
POL
Policy asset allocation
Policy limit
Policy loan
Policyholder
Policyholder loan bonds
Political risk insurance
Ponzi scheme
Pool
Pool factor
Pooling of interests
Porcupine provision
Portability
PORTAL Market
Portfolio
Portfolio allocation by region
Portfolio asset allocation
Portfolio beta
Portfolio diversification
Portfolio expected return
Portfolio insurance
Portfolio internal rate of return
Portfolio management
Portfolio manager
Portfolio opportunity set
Portfolio optimization
Portfolio R2
Portfolio restructuring
Portfolio separation theorem
Portfolio theory
Portfolio transaction costs
Portfolio turnover rate
Portfolio variance
Position
Position building
Position diagram
Position limits
Position self
Position sheet
Position trader
Positive carry
Positive convexity
Positive covenant (of a bond)
Positive float
Positive obligation
Positive yield curve
Possessions corporation
Post
Post-audit
Post-dated check
Post-Money Valuation
Post-trade benchmarks
Postponement option
Postponing income
Pot
Pot is clean
Potential Default
Power of attorney
PP&E
PPNR
PPP
PR
Praecipium
Pre Carriage
Pre shipment Finance
Pre-Money Valuation
Pre-Provision Net Revenue
Pre-sold issue
Pre-tax contribution
Pre-trade benchmarks
Prearranged trading
Preauthorized checks (PAC)
Preauthorized electronic debits (PAD)
Preauthorized payment
Precautionary demand (for money)
Precautionary motive
Precedence
Precious metals
Precompute
Preemptive right
Preference
Preference share
Preference stock
Preferred dividend coverage
Preferred equity redemption stock (PERC)
Preferred habitat theory
Preferred shares
Preferred stock
Preferred stock agreement
Preferred stock ratio
PREG
Preliminary estimate
Preliminary prospectus
Premature distribution
Premium
Premium bond
Premium income
Premium raid
Prepackaged bankruptcy
Prepaid interest
Prepayment penalty
Prepayment speed
Prepayments
Prerefunded bond
Prerefunding
Presale order
Present value
Present Value Components Analysis
Present value factor
Present Value Index (PVI)
Present value of growth opportunities
President
Presidential election cycle theory
Pretax earnings or profits
Pretax rate of return
Previous balance method
PRI (1)
PRI (2)
Price change
Price compression
Price continuity
Price discovery process
Price effect
Price elasticities
Price gap
Price give
Price immunization
Price impact costs
Price indexes
Price leadership
Price momentum
Price of admission
Price persistence
Price range
Price risk
Price spread
Price support
Price takers
Price uncertainty
Price value of a basis point (PVBP)
Price-book ratio
Price-earnings ratio
Price-sales ratio
Price-specie flow mechanism
Price-volume relationship
Price-weighted index
Priced out
Prices (of equity)
Pricey
Pricing efficiency
Primary dealer
Primary Dealer Credit Facility (PDCF)
Primary distribution
Primary earnings per (common) share
Primary market
Primary offering
Primary trend
PRIME
Prime broker
Prime paper
Prime rate
Prime rate fund
Primitive security
Principal
Principal amount
Principal Exchange-Rated-Linked Securities (PERLS)
Principal Finance
Principal Finance Officer
Principal Investing
Principal stockholder
Principal-agent relationship
Principal-only (PO)
Principle of diversification
Print
Prior-lien bond
Prior-preferred stock
Priority
Private Equity
Private Equity Firm
Private Export Funding Corporation (PEFCO)
Private Investment in Public Equity (PIPE)
Private letter ruling
Private limited partnership
Private market value (PMV)
Private Mortgage Insurance (PMI)
Private placement
Private unrequited transfers
Private-label mortgage backed securities
Private-label pass-throughs
Private-purpose bond
Privatization
PRK
Pro forma
Pro forma capital structure analysis
Pro forma Earnings
Pro forma financial statements
Pro forma Invoice
Pro forma statement
Pro rata
Probability
Probability density function
Probability distribution
Probability function
Proceeds
Proceeds sale
Processing Delay
Producer Price Index (PPI)
Product cycle
Product cycle theory
Product Differentiation
Product risk
Production
Production Cost Advantage
Production Loan
Production payment financing
Production possibilities schedule
Production rate
Production-flow commitment
Productivity
Profile buyer/seller
Profit
Profit center
Profit forecast
Profit Graph
Profit margin
Profit Range
Profit Table
Profit taking
Profit-sharing plan
Profitability index
Profitability ratios
Program trades
Program trading
Progress payments
Progress review
Progressive tax system
Progressive taxation
Project
Project contracts
Project Finance Loan Program
Project financing
Project link
Project loan certificate (PLC)
Project loan securities
Project loans
Project notes (PN)
Projected benefit obligation (PBO)
Projected maturity date
Projection
Promissory note
Property inventory
Property rights
Property tax
Property, Plant and Equipment (PP&E)
Proportional representation
Proprietary trading
Proprietorship
Proration
Prospective Earnings Growth (PEG Ratio)
Prospectus
Protect
Protected Strategy
Protectionism
Protective covenant
Protective put buying strategy
Protest
Prototype plan
Provision
Provision for income taxes
Provisional call feature
Proxy
Proxy Committee
Proxy Committee Ballot
Proxy contest
Proxy fight
Proxy fight
Proxy Solicitor
Proxy statement
Proxy vote
PRT
Prudent-man rule
PRY
PS
PSA
PSA Prepayment Rate
PSE
PSSG
PT
PTE
Public Accounting Oversight Board (PCAOB)
Public Book (of order)
Public Company
Public debt
Public housing authority bond
Public limited partnership
Public offering
Public offering price
Public ownership
Public Securities Association(PSA)
Public securities offering
Public Utility Holding Company Act of 1935
Public warehouse
Public-Private-Partnership (PPP) Approach
Public-purpose bond
Public-to-Private buyout
Publicly held
Publicly traded assets
Puke
Pull
Pullback
Pulling in their horns
Purchase
Purchase accounting
Purchase agreement
Purchase and sale
Purchase fee
Purchase fund
Purchase group
Purchase loan
Purchase method
Purchase order
Purchase-money mortgage
Purchasing Managers Index
Purchasing power
Purchasing power of the dollar
Purchasing power parity
Purchasing power risk
Pure discount bond
Pure expectations theory
Pure index fund
Pure monopoly
Pure play
Pure yield pickup swap
Purpose credit
Purpose loan
Purpose statement
Put
Put an option
Put bond
Put guarantee letter
Put on
Put option
Put price
Put provision
Put ratio backspread
Put swaption
Put to seller
Put up
Put-call parity
Put-call parity relationship
Put-call ratio
PV
PVBP
PW
PY
PYF
PYG
Pyramid scheme
Pyramiding