Tag: credit
Partial Redemption
What is 'Partial Redemption' An investment-transaction classification that refers to the withdrawal of a portion of a security's value by the owner....
Payday Loans
DefinitionA payday loan is a small, short-term unsecured loan, "regardless of whether repayment of loans is linked to a borrower's payday." The loans are...
Past Due Balance Method
What is 'Past Due Balance Method' A system for calculating interest charges based on any outstanding loan or credit charges that remain...
Paper Dealer
What is 'Paper Dealer' A market maker that buys and sells extremely short-term corporate bonds called commercial paper. A paper dealer is...
Past Due
What does 'Past Due' mean
Past due is a loan payment that has not been made as of its due date. A borrower who is...
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...
Participation Mortgage
DefinitionA participation mortgage or participating mortgage is a mortgage loan, or sometimes a group of them, in which two or more persons have fractional...
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...
Parking Violation
DefinitionA parking violation is the act of parking a motor vehicle in a restricted place or for parking in an unauthorized manner. It is...
Paris Club
DefinitionThe Paris Club is a group of officials from major creditor countries whose role is to find coordinated and sustainable solutions to the payment...