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...]
Purchasing Power Parity
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Purchasing Power Parity Theory that in perfect markets, exchange rate of two currencies equalizes the purchasing power of both. … [Read more...]
Purchasing-Power Risk
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Purchasing-Power Risk Refer: inflation risk. Risk that sudden changes in prices of consumables adversely affect the investor’s actual return from investment. … [Read more...]
Pure-Discount Bond
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Pure-Discount Bond Single payment bond or zero coupon bond. Bond that yields a single principal and interest payment. … [Read more...]
Pure Expectations Theory
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Pure Expectations Theory Theory expounding the concept that forward rates denote rates that will prevail in future. Or the term or maturity of the security is based on future expectations of interest rates. Forward expectation rates for currency equal spot rate on that date. … [Read more...]
Pure Index Fund
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Pure Index Fund Portfolio managed in such a manner that it duplicates the market portfolio perfectly. … [Read more...]
Pure Yield Pickup Swap
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Pure Yield Pickup Swap Swap involving exchange of one bond into a higher yield variety. … [Read more...]
Put
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Put Opposite of call option. Allows holder the right to sell the security underlying the put. … [Read more...]
Put Bond
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Put Bond Bonds that can be exchanged by holders for par value at a specific date or extended for a specified number of years determined in advance. … [Read more...]
Put Option
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Put Option Option that gives investor or holder the right to sell at a specific price a specific number of shares within a time frame given in the options contract. For example, an investor with the right to make a sale of company shares at a predetermined price to protect his … [Read more...]
