Tag: banking
Pass-Through Security
What is 'Pass-Through Security' A pass-through security is a pool of fixed-income securities backed by a package of assets. A servicing intermediary...
Pairoff
What is 'Pairoff' 1. A purchase of securities to offset a previously transacted sale of the same security. 2. A...
Passbook Loan
What is 'Passbook Loan' A personal loan extended to a savings-account holder by the custodial bank. Passbook loans use the balance of...
Pairing Off
DefinitionPairing Off is an album by saxophonist Phil Woods' Septet recorded in 1956 and released on the Prestige label. Pairing Off What is...
Parking
What is 'Parking' Parking in stock trading is the practice of selling shares to another party with the understanding that the original...
Panel Bank
What is 'Panel Bank' The name given to the group of banks contributing to the Euro Interbank Offer Rate (EURIBOR). This group...
National Bank
What is a 'National Bank' A national bank, in the United States, is a commercial bank chartered by the comptroller of the...
Paraplanning
What is 'Paraplanning' A relatively new position within the financial planning industry that involves the performance of the administrative duties of a...
Paper Money
DefinitionPaper Money is the second album by the American hard rock band Montrose. It was produced by Ted Templeman and is the band's final...
Paper Trade
What is 'Paper Trade' A paper trade refers to using simulated trading to practice buying and selling securities without actual money being...