Performance Attribution Analysis Analysis and break up of investment decisions taken by money manager of a portfolio to identify successes and failures, and causes for both. Main points addressed are: The sources of additional value, Significance of timing in short term investment … [Read more...]
Performance Evaluation
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Performance Evaluation The evaluation of a manager's performance, which involves, first, determining whether the money manager added value by outperforming the established benchmark (performance measurement) and, second, determining how the money manager achieved the calculated … [Read more...]
Performance Measurement
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Performance Measurement The returns achieved by the money manager of a portfolio over a given time frame. … [Read more...]
Perpetuity
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Perpetuity Continuous flow of similar cash flows without stoppage at a specific time. … [Read more...]
Perquisites
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Perquisites Advantages or benefits derived by employee in direct or indirect form such as use of company car or accommodation or state of art office interiors. … [Read more...]
Personal Tax View (of capital structure)
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Personal Tax View (of capital structure) Theory that differential tax rates for personal tax for debt income and equity income removes any disadvantage arising from taxing equity income twice- once at corporate level and once at personal level. … [Read more...]
Personal Trust
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Personal Trust A stake in any asset that is held by trustees and will be beneficial to another individual. … [Read more...]
Personal Use Property
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Personal Use Property Property owned and held for personal use (For example, farmhouse, vacation home) as opposed to property used or held for use in business (testing ground, warehouse). … [Read more...]
Philadelphia Stock Exchange (PHLX)
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Philadelphia Stock Exchange (PHLX) Exchange where European and U.S. overseas currency options are traded on basis of spot exchange rates … [Read more...]
Phone Switching
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Phone Switching Transferring shares between funds, via phone instructions, when all the funds belong to same mutual fund family. Also possible with different funds if held by participating broker in street name. Charges may be recovered for such transfers. … [Read more...]
PIBOR (Paris Interbank Offer Rate)
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PIBOR (Paris Interbank Offer Rate) Rate of interest charged on deposits for interbank deals in Eurocurrency market. These rates are quoted in Paris. … [Read more...]
Pickup
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Pickup Yield enhancement that arises from a swap of a group of bonds for higher coupon bonds. … [Read more...]
Picture
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Picture Sale and purchase prices quoted for a security by a broker. … [Read more...]
Pie Model of Capital Structure
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Pie Model of Capital Structure Representation of debt/ equity ratio of a business. Depicted in the form of a pie denoting capital market with slices denoting the share of firm’s value in this total. … [Read more...]
Pit
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Pit Also called Ring. Area designated in trading floor of exchange for transacting in commodities, futures and options. … [Read more...]
Pit Committee
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Pit Committee Exchange appointed committee to finalize settlement price levels of futures deals every day. … [Read more...]
Pitch Book
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Pitch Book Book or brochure describing the main characteristics or attributes of a business. Created by the business to aid in sales and marketing. … [Read more...]
Pivot
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Pivot Security price level that the asset fails to go beyond or fall below. Or price that security passes when volume increases. Also refer: support level, resistance level. … [Read more...]
Placement
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Placement Act by a financial institution of depositing Eurodollars in another financial institution, like a bank. Can be viewed as sale of Eurodollars. … [Read more...]
Plain Vanilla
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Plain Vanilla Simple, uncomplicated derivative instrument. Typically refers to swaps, or similar derivatives that are issued with standard or common terms and conditions. … [Read more...]
