Tag: economy
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...
Party Wall
DefinitionA party wall is a dividing partition between two adjoining buildings that is shared by the occupants of each residence or business. Typically, the...
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...
Imperfect Competition
What is imperfect competition and why does it exist
Imperfect competition is a type of market structure where there are not enough buyers or sellers...
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...
Paradox Of Thrift
DefinitionThe paradox of thrift is a paradox of economics. The paradox states that an increase in autonomous saving leads to a decrease in aggregate...
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...
Paradigm Shift
What is a 'Paradigm Shift' A paradigm shift is a major change in how some process is accomplished. A paradigm shift can...
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...
Patent
What is a 'Patent' A patent is a government license that gives the holder exclusive rights to a process, design or new...