Pass-Through Rate
What is the 'Pass-Through Rate' The pass-through rate is the rate on a securitized asset pool -- such as a mortgage-backed security...
Past Service
What is 'Past Service' Service to an employer that is recognized for the defined benefit pension plan purposes, but either occurred before...
Paris Pair
What is 'Paris Pair' The nickname for the U.S. Dollar/French Franc currency pair prior to France's conversion to the Euro. Since the...
Profit Margin
DefinitionProfit margin, net margin, net profit margin or net profit ratio is a measure of profitability. It is calculated by finding the net profit...
Panic Buying
What is panic buying and why do people do it
Panic buying is a phenomenon that occurs when consumers purchase large quantities of goods in...
Profit and Loss Statement
DefinitionAn income statement or profit and loss account is one of the financial statements of a company and shows the company's revenues and expenses...
Paraplanning
What is 'Paraplanning' A relatively new position within the financial planning industry that involves the performance of the administrative duties of a...
Put Option
DefinitionIn finance, a put or put option is a stock market device which gives the owner of a put the right, but not the...
Market Capitalization
DefinitionMarket capitalization is the market value of a publicly traded company's outstanding shares. Market capitalization is equal to the share price multiplied by the...
National Bank
What is a 'National Bank' A national bank, in the United States, is a commercial bank chartered by the comptroller of the...