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Super Finance Glossary

Over 10,000 financial glossary terms...

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Browsing by the letter "P"

Displaying next 360 results of 668
Premium Raid
Definition: An attempt to acquire a large portion of a company's stock to gain control by offering stockholders a premium over the market value for their shares.
Prepackaged Bankruptcy
Definition: A bankruptcy in which a debtor and its creditors pre-negotiate a plan of reorganization and then file it along with the bankruptcy petition.
Prepaid Interest
Definition: An asset account showing interest that has been paid in advance, which is expensed and charged to the borrower's P & L statement.
Prepayment Penalty
Definition: A fee a borrower pays a lender when the borrower repays a loan before its scheduled time of maturity.
Prepayment Penalty Clause
Definition: A clause in a mortgage that requires the borrower to pay a fee for retiring a loan before it becomes due.
Prepayment Speed
Definition: Also called speed, the estimated rate at which mortgagors pay off their loans ahead of schedule, critical in assessing the value of mortgage pass-through securities.
Prepayments
Definition: Payments made in excess of scheduled mortgage principal repayments.
Prerefunded Bond
Definition: Refunded bond.
Prerefunding
Definition: Procedure of floating a second bond at a lower interest rate in order to pay off the first bond at the first call date and to reduce overall borrowing costs.
Presale Order
Definition: An order to purchase part of a new municipal bond issue that is accepted by an underwriting syndicate before an official public offering.
Present Value
Definition: The amount of cash today that is equivalent in value to a payment, or to a stream of payments, to be received in the future. To determine the present value, each future cash flow is multiplied by a present value factor. For example, if the opportunity cost of funds is 10%, the present value of $100 to be received in one year is $100 x [1/(1 + 0.10)] = $91.
Present Value Components Analysis
Definition: An analytical tool that establishes a base NPV for a project that can then be adjusted for the incremental NPV effect of separate elements of the project's overall potential sales.
Present Value Factor
Definition: Factor used to calculate an estimate of the present value of an amount to be received in a future period. If the opportunity cost of funds is 10% over next year, the factor is [1/(1 + 0.10)].
Present Value Index (PVI)
Definition: The ratio of the NPV of a project to the initial outlay required for it. The index is an efficiency measure for investment decisions under capital rationing.
Present Value Of Growth Opportunities
Definition: Net present value (NPV) of investments the firm is expected to make in the future.
President
Definition: Highest-ranking officer in a corporation after the chief executive officer.
Presidential Election Cycle Theory
Definition: A theory that stock market trends can be predicted and explained by the four-year presidential election cycle.
Pretax Earnings Or Profits
Definition: Net income before federal income taxes are subtracted.
Pretax Rate Of Return
Definition: Gain on a security before taxes.
Previous Balance Method
Definition: Method of calculating finance charges based on the account balance at the end of the previous month.
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