Participating Policy
DefinitionA with-profits policy or participating policy is an insurance contract that participates in the profits of a life insurance company. The company is often...
Partially Convertible Debenture (PCD)
What is 'Partially Convertible Debenture - PCD' A type of convertible debenture, part of which will be redeemed by the issuing company...
Ponzi Scheme
DefinitionBy definition, a Ponzi scheme is a fraudulent investment that involves the payment of purported returns to existing investors from funds contributed by new...
Private Equity
DefinitionPrivate equity typically refers to investment funds organized as limited partnerships that are not publicly traded and whose investors are typically large institutional investors,...
Participation Rate
DefinitionThe workforce or labour force is the labour pool in employment. It is generally used to describe those working for a single company or...
Paradigm Shift
What is a 'Paradigm Shift' A paradigm shift is a major change in how some process is accomplished. A paradigm shift can...
Parity Product
Definition Product categories or groups of categories in which the numerous brands within that category have functionally comparable features are referred to be parity products....
Passive Activity Loss Rules
What is 'Passive Activity Loss Rules' A set of rules that prohibits using passive losses to offset earned or ordinary income. Passive...