Tag: market
Call Option
DefinitionA call option, often simply labeled a "call", is a financial contract between two parties, the buyer and the seller of this type of...
Pale Recession
What is 'Pale Recession' A phrase used in May 2008 by former Federal Reserve Board Chairman Alan Greenspan to describe an economic...
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...
Participatory Notes
DefinitionParticipatory Notes commonly known as P-Notes or PNs are instruments issued by registered foreign institutional investors to overseas investors, who wish to invest in...
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...
Passive ETF
What is a Passive ETF and how does it work
A passive Exchange-Traded Fund (ETF) is a type of investment fund that aims to track...
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...
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...