Property Rights The claim to stream of income arising from property that is given in the form of a right to individuals or firms when they own the property and use it. … [Read more...]
Prospectus
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Prospectus Written brochure created for the purpose of selling securities. It outlines proposed business entity’s plans, or those of existing one. These facts help prospective investors make a sound well informed decision. In mutual funds, prospectus describes essential … [Read more...]
Protectionism
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Protectionism Using tariffs, trade restrictions and quotas to protect domestic industry and businesses from competition from overseas. … [Read more...]
Protective Covenant
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Protective Covenant Component of loan agreement or indenture that imposes restrictions on company actions to protect the lenders. These restrictions may be in force during the term of the loan. … [Read more...]
Protective Put Buying Strategy
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Protective Put Buying Strategy Investment strategy involving purchase of a put option on a security in a portfolio to protect the investment. … [Read more...]
Provisional Call Feature
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Provisional Call Feature Inbuilt mechanism in convertible issues that lets issuers call back the issue even through non call period provided price of stock has touched a specific target level. … [Read more...]
Proxy
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Proxy Information provided to shareholders by means of a document that is critical to ensuring that they cast votes knowledgeably at shareholder’s meetings. This information may include that on closely held stock. Proxy may be given up to the management in which case they cast … [Read more...]
Proxy Contest
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Proxy Contest Also termed proxy fight. Struggle for firm’s control where dissident faction attempts to gain right to vote in their own favor from other shareholders of the firm. In this manner the dissidents’ Board of Directors may gain supremacy. … [Read more...]
Proxy Vote
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Proxy Vote Representation of one member by another while casting votes. … [Read more...]
Public Offering
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Public Offering Also called public issue. Denotes sale of securities that are registered to public by the issuer. May also be issued by underwriters engaged by issuer. … [Read more...]
Public Offering Price
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Public Offering Price New issue prices as quoted by underwriter for offer to public. Established by taking into account company profitability, growth rates and market sentiments. … [Read more...]
Public Securities Administration (PSA)
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Public Securities Administration (PSA) Association of trade for primary dealers and traders in government securities. Includes mortgage backed securities. … [Read more...]
Publicly Traded Assets
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Publicly Traded Assets Stock market tradable assets or those that can be traded publicly. … [Read more...]
Puke
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Puke Commonly used slang term for trader making a sale or taking a short position. … [Read more...]
Purchase
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Purchase Acquiring or creating an ownership by buying or having a long position. … [Read more...]
Purchase Accounting
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Purchase Accounting Accounting technique used with mergers. Acquirer is considered to have inherited all assets and liabilities of the acquired. These assets and liabilities are taken at fair market value to present an accurate picture. Goodwill is considered to be the difference … [Read more...]
Purchase Agreement
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Purchase Agreement Term used in project financing. Denotes an understanding to buy a predetermined quantity of output per time period arising from a project. … [Read more...]
Purchase and Sale
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Purchase and Sale Transaction in securities distribution. Securities firm buys securities for own accounts from the issuer at a specific price. These securities are then sold at a best efforts price. … [Read more...]
Purchase Fund
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Purchase Fund Similar to a sinking fund. The funds are, however, only used to buy bonds that are selling at a price beyond par value, unlike a sinking fund. … [Read more...]
Purchase Method
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Purchase Method Method by which an acquisition is valued in the accounts by using net asset values to consolidate the assets of both entities. Amortization/ depreciation will be greater in this method, decreasing the net income as a consequence when compared with the pooling method. … [Read more...]
