Copy of `Superglossary - Finance`

The wordlist doesn't exist anymore, or, the website doesn't exist anymore. On this page you can find a copy of the original information. The information may have been taken offline because it is outdated.

Superglossary - Finance Category: Economy and Finance > Finance Date & country: 16/12/2013, USA Words: 5410

Pattern
A technical chart formation used to make market predictions by following the price movements of secu

Pay-As-You-Go Basis
A method of paying income tax in which the employer deducts a portion of an employee's monthly salar

Pay-Down
In a Treasury refunding, the amount by which the par value of the securities maturing exceeds that o

Pay-To-Play
Attempts by municipal bond underwriting businesses to gain influence with political officials who de

Pay-Up
The loss of cash resulting from a swap into higher-priced bonds or the need/willingness of a bank or

Payable Through Drafts
A method of making payment that is used to maintain control over payments made on behalf of the firm

Payables
Related

Payables
Another term for accounts payable.

Payback
The length of time it takes to recover the initial cost of a project, without regard to the time val

Payee
A person receiving payment through any form of money transfer method.

Payer
The person making a payment to a payee.

Paying Agent
An agent who makes principal and interest payments to bondholders on behalf of the issuer.

Payment Date
The date on which shareholders of record will be sent a check for the declared dividend.

Payment Float
Company-written checks that have not yet cleared.

Payment-In-Kind (PIK) Bond
A bond that gives the issuer an option (during an initial period) either to make coupon payments in

Payments Netting
Reducing fund transfers between affiliates to only a netted amount. Netting can occur on a bilateral

Payments Pattern
Describes the collection pattern of receivables. The pattern might describe the probability that a 7

Payoff Diagram
In option pricing, a graph of the value of the option position at expiration as a function of the un

Payout Ratio
Generally, the proportion of earnings paid out to the common stockholders as cash dividends. More sp

Payroll
The total wages, not including benefits, paid by a business during each forecast year.

Peak
The high point at the end of an economic expansion until the start of a contraction.

Pegging
Making transactions in a security, currency, or commodity in order to stabilize or target its value

Penalty Clause
A clause found in contract agreements that provides for a penalty in the event of default.

Pennant
A chart pattern resembling a pointed flag, with the point facing to the right, which shows a diminis

Penny Stock
Used in the context of general equities. Stock that typically sells for less than $1 a share, althou

Pension Fund
A fund set up to pay the pension benefits of a company's workers after retirement.

Pension Parachute
A form of poison pill providing that in the event of a hostile takeover attempt, any excess pension

Pension Plan
A fund that is established for the payment of retirement benefits.

Pension Reversion
Termination of an overfunded defined benefit pension plan and replacement of it with a life insuranc

Pension Sponsors
Organizations that have established a pension plan.

Penultimate Profit Prospect (PPP)
The second-lowest-priced of the ten highest-yielding stocks in the Dow Jones Industrial Average that

People Pill
A form of poison pill providing that the entire management threatens to resign in the event of a tak

Per Capita Debt
The total bonded debt of a municipality divided by the population of the municipality.

Percent To Double
Percentage that the stock price has to rise (fall) to double the price of the call (put).

Percentage Order
Used for listed equity securities. Market limited price order to buy/sell a specified percentage (us

Percentage Premium
Applies mainly to convertible securities. Premium over parity of a convertible bond divided by parit

Perfect Capital Market
A market in which there are never any arbitrage opportunities.

Perfect Competition
An idealized market environment in which every market participant is too small to affect the market

Perfect Hedge
A situation in which the profit and loss from the underlying asset and the hedge position are equal.

Perfected First Lien
A first attachment on an asset that is duly recorded with the relevant government body so that the l

Performance Attribution Analysis
The decomposition of a money manager's performance results to explain the reasons why those results

Performance Bond
A surety bond between two parties, insuring one party against loss if the terms of a contract are no

Performance Evaluation
The assessment of a manager's results, which involves, first, determining whether the money manager

Performance Fund
A growth-oriented mutual fund investing in growth stock and performance stock with low dividends and

Performance Measurement
Calculation of the return a money manager realizes over some time interval.

Performance Shares
Shares of stock given to managers on the basis of performance as measured by earnings per share and

Performance Stock
High-growth stock in a company that retains earnings for further growth and therefore pays no divide

Period Expenses
A term for expenses recorded in the period in which they occur regardless of whether or not they per

Period Of Digestion
The time period of often high volatility after a new issue is released when the trading price of the

Period-Certain Annuity
An annuity that provides guaranteed payments to an annuitant for a specified period of time.

Periodic Payment Plan
Accumulation of capital in a mutual fund by making regular payments on a monthly or quarterly basis.

Periodic Purchase Deferred Contract
A fixed or variable annuity contract for which fixed-amount premiums are paid either monthly or quar

Periodic Rate
The monthly effective interest rate. For example, the periodic rate on a credit card with an 18% ann

Periodicity
The level of detail in terms of time at which data is forecast or reported, specified as months, qua

Periods
Discrete intervals of time. The word period generally refers either to the interval of the entire fo

PERLS
Principal Exchange-Rated-Linked Securities

Permanent Financing
Long-term financing using either debt or equity.

Perpendicular Spread
Option strategy involving the purchase of options with similar expiration dates and different exerci

Perpetual Bond
Nonredeemable bond with no maturity date that pays regular interest rates indefinitely.

Perpetual Inventory
Recordkeeping system in which book inventory is updated daily.

Perpetual Warrants
Warrants that have no expiration date.

Perpetuity
A constant stream of identical cash flows without end, such as a British consol.

Perquisites
Personal benefits, including direct benefits, such as the use of a firm car or expense account for p

Personal Article Floater
Insurance policy attachment designed to cover specified personal valuables.

Personal Exemption
Amount of money a taxpayer can exclude from personal income for each member of the household in calc

Personal Income
Total income received from all sources, including wages, salaries, or rents, and the like.

Personal Inflation Rate
The inflation rate as it affects a specific individual.

Personal Property
Any assets other than real estate.

Personal Trust
An interest in an asset held by a trustee for the benefit of another person.

Phantom Income
Income from a limited partnership that creates taxability without generating cash flow.

Phantom Stock Plan
An incentive scheme that awards management bonuses based on increases in the market price of the com

Philadelphia Board Of Trade (PBOT)
A subsidiary of the Philadelphia Stock Exchange that trades currency futures.

Philadelphia Stock Exchange (PHLX)
A securities exchange trading American and European foreign currency options on spot exchange rates.

Philippine Stock Exchange
Stock exchange based in the Philippines, which operates two trading floors, at Manila and Makati.

Phillips Curve
A graph that supposedly shows the relationship between inflation and unemployment. It is conjectured

Phone Switching
Transferring money between funds in the same mutual fund family by telephone request. There may be a

Physical Verification
A procedure auditors use to ensure that inventory recorded in the book is correct by actually checki

Pickup
The gain in yield that occurs when a block of bonds is swapped for another block of higher-coupon bo

Pickup Bond
A bond with a relatively high coupon that is close to the date at which it is callable, meaning that

Picture
Describes bid and asked prices a broker quotes for a given security. Used for listed equity securiti

Pie Model Of Capital Structure
A model of the debt-equity ratio of the firms, graphically depicted in slices of a pie that represen

Piece
Apply mainly to convertible securities. Increment of bonds that trade in portions of $1000 minimum.

Piggyback Registration
When a securities underwriter allows existing holdings of shares in a corporation to be sold in comb

Piggybacking
A broker who trading stocks, bonds or commodities in a personal account following a trade just made

PIK (Payment-In-Kind) Securities
Highly speculative bonds or preferred stock that pay interest or dividends through additional bonds

Pink Sheets
Refers to over-the-counter trading. Daily publication of the national quotation bureau that reports

Pip
Used for listed equity securities. Smallest unit of a currency (i.e., cents for U.S. dollars).

Pipeline
The underwriting process that must be completed with the SEC before a security can be offered for sa

Pit
A specific area of the trading floor that is designed for the trading of commodities, individual fut

Pit Committee
A committee of the exchange that determines the daily settlement price of futures contracts.

PITI
Stands for principal, interest, taxes, and insurance, the four main parts of monthly mortgage obliga

Pivot
Price level established as being significant by market's failure to penetrate or as being significan

Place
The marketing of new securities, usually through sales to institutional investors. See

Placement
A bank depositing Eurodollars with (selling Eurodollars to) another bank is often said to be making

Placement Ratio
The percentages of last week's new municipal bond offerings that have been bought from the underwrit

Plain Vanilla
A term that refers to a relatively simple derivative financial instrument, usually a swap or other d

Plan For Reorganization
A plan for reorganizing a firm during the Chapter 11 bankruptcy process.

Plan Participants
Employees or other beneficiaries who are eligible to receive benefits from a company's employee bene

Plan Period
Another term for Forecast Period.

Plan Sponsors
The entities that establish pension plans, including private business entities acting for their empl