Progress Review Tool to measure financial viability of project requiring capital investment by means of periodic review. … [Read more...]
Progressive Tax System
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Progressive Tax System System of taxation where income increases may result in average tax rate increases but never accounts for tax rate decrease. … [Read more...]
Project Financing
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Project Financing Asset based funding used by firms to allocate finances for a specific group of assets on basis of special consideration. … [Read more...]
Project Loan Certificate (PLC)
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Project Loan Certificate (PLC) Program initiated by Ginnie Mae for securitizing co insured developmental home loans given for hospital, school and similar projects. The underlying loans are FHA insured. … [Read more...]
Project Loan Securities
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Project Loan Securities Mortgage backed securities issued on mortgages for large properties. Backed by FHA insured underlying loans. Maybe primarily used with developmental projects. … [Read more...]
Project Loans
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Project Loans Mortgages that are given to finance multi family residential accommodation, medical treatment facilities and other developmental projects. Such loans are backed by HUD and insured by FHA. … [Read more...]
Projected Benefit Obligation (PBO)
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Projected Benefit Obligation (PBO) Also refer to accumulated benefit obligation. Technique to evaluate liability of pension plan on date of calculation. Assumption is that plan is continuing without end in near future. … [Read more...]
Projected Maturity Date
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Projected Maturity Date Final payment that occurs at the end of the time when cash flow is expected to stop. Used with CMOs. … [Read more...]
Promoter
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Promoter Individual or entity that aids in raising funds for investment. Promoters offer use partnerships and direct investment to raise money. … [Read more...]
Property Rights
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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...]
