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

Project Loan Securities
Securities backed by a variety of FHA-insured loans-primarily multifamily apartment buildings, hospi

Project Loans
Usually FHA-insured and HUD-guaranteed mortgages on multiple-family housing complexes, nursing homes

Project Notes (PN)
Notes issued by municipalities to finance federally sponsored programs in urban renewal and housing

Projected Benefit Obligation (PBO)
A measure of a pension plan's liability at the calculation date assuming that the plan is ongoing an

Projected Maturity Date
With CMOs, the date at the end of the estimated cash flow window where final payment is made.

Projection
The use of econometric models to forecast the future performance of a company, country, or other fin

Promissory Note
Written pledge to pay.

Prompt Payment Discounts
Discounts that a business gives to credit customers who pay within a specified period of time; also

Property Inventory
A list of personal property with corresponding values and initial costs often used to substantiate i

Property Rights
Rights of individuals and companies to own and use property as they see fit and to receive the strea

Property Tax
A tax levied on real property based on its use and its assessed value.

Proportional Representation
A method of stockholder voting that allows minority shareholders and groups of small shareholders to

Proprietary Trading
Principal trading in which firm seeks direct gain rather than commission dollars.

Proprietorship
An unincorporated business that is owned and operated by only one person who has complete liability

Prospectus
Formal written document to sell securities that describes the plan for a proposed business enterpris

Protect
Assure the salesperson or trader that interest, buy or sell, will be attended to, given any change i

Protectionism
Notion that governments should protect domestic industry from import competition by means of tariffs

Protective Covenant
A part of an indenture or loan agreement that limits certain actions a company may take during the t

Protective Put Buying Strategy
A strategy that involves buying a put option on the underlying security that is held in a portfolio.

Provision For Income Taxes
An amount on the P & I statement that estimates a company's total income tax liability for the year.

Provisional Call Feature
A stipulation in a convertible issue that allows the issuer to call the issue during the noncall per

Proxy
Authorization, whether written or electronic, that shareholders' votes may be cast by others. Shareh

Proxy Contest
A battle for the control of a firm in which a dissident group seeks, from the firm's other sharehold

Proxy Fight
Often used in risk arbitrage. Technique used by an acquiring company to attempt to gain control of a

Proxy Statement
Document intended to provide shareholders with information necessary to vote in an informed manner o

Proxy Vote
Vote cast by one person or entity on behalf of another.

Prudent-Man Rule
A common law standard against which those investing the money of others (fiduciaries) are judged.

PSA Prepayment Rate
The Bond Market Trade Association's Mortgaged Asset-Backed Securities Division's prepayment model ba

PSSG
Financial ratio defined as stock price divided by sales over sales growth. Often used in the valuati

Public Debt
Issues of debt by governments to compensate for a lack of tax revenues.

Public Housing Authority Bond
Bonds of local public housing agencies that are secured by the federal government and whose proceeds

Public Limited Partnership
A limited partnership with an unlimited number of partners that is registered with the SEC and is av

Public Offering
Used in the context of general equities. Offering to the investment public, after compliance with re

Public Offering Price
The price of a new issue of securities at the time that the issue is offered to the public.

Public Ownership
The portion of a company's stock that is held by the public.

Public Warehouse
Storage facility operated by an independent warehouse company on its own premises.

Public-Purpose Bond
A specific type of municipal bond used to finance public projects such as roads or government buildi

Publicly Held
Describes a company whose stock is held by the public, whether individuals or business entities.

Publicly Traded Assets
Assets that can be traded in a public market, such as the stock market.

Puke
Slang for a trader selling a position, usually a losing position, as in, 'When in doubt, puke it out

Pullback
The downward reversal of a prolonged upward price trend.

Pulling In Their Horns
Investors selling off positions after a stock or bond market has increased sharply or setting up hed

Purchase
Buy; be long; have an ownership position.

Purchase Accounting
Method of accounting for a merger that treats the acquirer as having purchased the assets and assume

Purchase Agreement
Used in connection with project financing; an agreement to purchase a specific amount of project out

Purchase And Sale
A method of securities distribution in which a firm purchases securities from the issuer for its own

Purchase Fund
Resembles a sinking fund, except that money is used to purchase bonds only if they are selling below

Purchase Loan
A consumer loan taken to finance a purchase.

Purchase Method
Accounting for an acquisition using market value for the consolidation of the two entities' net asse

Purchase Order
A written order to buy specified goods at a stipulated price.

Purchase-Money Mortgage
A mortgage given by a buyer in lieu of cash when the buyer is unable to borrow commercially for the

Purchases Of PP and E
The acquisition cost of new property, plant and equipment assets in a given year, minus the proceeds

Purchasing Power
The amount of credit available for securities trading in a margin account, after taking margin requi

Purchasing Power Of The Dollar
The amount of goods and services that can be exchanged for a dollar as compared with amount of a pre

Purchasing Power Parity
The notion that the ratio between domestic and foreign price levels should equal the equilibrium exc

Purchasing Power Risk
Related

Pure Discount Bond
A bond that will make only one payment of principal and interest. Also called a zero-coupon bond or

Pure Expectations Theory
A theory that asserts that forward rates exclusively represent the expected future rates. In other w

Pure Index Fund
A portfolio that is managed so as to perfectly replicate the performance of the market portfolio.

Pure Monopoly
A market in which only one firm has total control over the entire market for a product due to some s

Pure Play
A company involved in only one line of business.

Pure Yield Pickup Swap
Moving to higher yield-bonds.

Purpose Loan
A loan that is backed by securities and that is used to buy other securities under certain governmen

Purpose Statement
A form filed by a borrower that describes the use of a loan backed by securities, and guarantees tha

Put
An option granting the right to sell the underlying futures contract. Opposite of a call.

Put An Option
To exercise a put option.

Put Bond
A bond that the holder may choose either to exchange for par value at some date or to extend for a g

Put Guarantee Letter
A bank's letter certifying that the person writing a put option has sufficient funds in an account t

Put It On
Used for listed equity securities. 'Go to the floor to transact.' See

Put On
Used for listed equity securities. Trade, or cross, a block of stock at the designated price and qua

Put Option
This security gives investors the right to sell (or put) a fixed number of shares at a fixed price w

Put Pants On It
Used in the context of general equities. 'Elaborate on your intentions or your inquiry,' especially

Put Price
The price at which an asset will be sold if a put option is exercised. Also called the strike or exe

Put Provision
Gives the holder of a floating-rate bond the right to redeem the note at par on the coupon payment d

Put Swaption
A financial instrument giving the buyer the right, or option, to enter into a swap as a floating-rat

Put To Seller
Exercise a put option; require that the option writer to purchase the stock at the strike price.

Put-Call Parity
Applies to derivative products. Option pricing principle that says, given a stock's price, a put and

Put-Call Parity Relationship
The relationship between the price of a put and the price of a call on the same underlying security

Put-Call Ratio
The ratio of the volume of put options traded to the volume of call options traded, which is used as

Pyramid Scheme
An illegal, fraudulent scheme in which a con artist convinces victims to invest by promising an extr

Quadratic Programming
Variant of linear programming in which the objective function is quadratic rather than linear. In po

Qualification Period
A period of time during the first few months or weeks of a new policy when an insurance company will

Qualified Endorsement
A signature on the back of a negotiable instrument transferring the amount to some other party but t

Qualified Opinion
An auditor's opinion expressing certain limitations of an audit.

Qualified Plan Or Trust
A tax-deferred plan allowing employer and employee contributions that build up savings, which are pa

Qualifying Annuity
An annuity allowable as investment for a qualified plan or trust.

Qualifying Share
Shares of common stock that a person must hold in order to qualify as a director of the issuing corp

Qualifying Stock Option
A benefit granted by a corporation that allows employees to purchase shares at a discount price.

Qualitative Analysis
An analysis of the qualities of a company that cannot be measured concretely, such as management qua

Qualitative Research
Traditional analysis of firm-specific prospects for future earnings. It may be based on data collect

Quality Of Earnings
Increased earnings due to increased sales and cost controls, as compared to artificial profits creat

Quality Option
Gives the seller choice of deliverables in Treasury bond and Treasury note futures contracts. Also c

Quality Spread
Difference between Treasury securities and non-Treasury securities that are identical in all respect

Quant
A person with numerical and computer skills who carries out quantitative analyses of companies.

Quantitative Analysis
An analysis of the mathematically measurable figures of a company, such as the value of assets or pr

Quantitative Research
Use of advanced econometric and mathematical valuation models to identify the firms with the best po

Quantize
To convert an asset or liability into a currency other than the regular trading currency.

Quantos
Currency options with a guaranteed exchange rate that enable buyers who like an asset, German bonds

Quarter Stock
Stock with a par value of $25 per share.

Quarterly
Occurring every three months.