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Public Rangelands Improvement Act Of 1978 (PRIA): P.L. 95-514 (October 25, 1978) defines the current grazing fee formula and establishes rangeland monitoring and inventory procedures for Bureau of Land Management and Forest Service rangelan . . . View Full Definition

Pecking-Order View (Of Capital Structure): The argument that external financing transactions costs, especially those associated with the problem of adverse selection, create a dynamic environment in which firms have a preference, or . . . View Full Definition

Penultimate Profit Prospect (PPP): The second-lowest-priced of the ten highest-yielding stocks in the Dow Jones Industrial Average that is said (by authors O'Higgins and Downes) to be the Dow stock with the best possibility o . . . View Full Definition

Peak Contraction: Exercising a muscle until it cramps by using shortened movements.

Payoff Diagram: In option pricing, a graph of the value of the option position at expiration as a function of the underlying asset price.

Payments In Lieu Of Taxes (PILT): A program administered by the Bureau of Land Management of the Department of the Interior to compensate counties for the tax-exempt status of federal lands: the fixed payments per entitlemen . . . View Full Definition

Perfect Market View (Of Capital Structure): Analysis of a firm's capital structure decision, which shows the irrelevance of capital structure in a perfect capital market.

Payoff Pitch: A pitch thrown with a full count.

Perfect Market View (Of Dividend Policy): Analysis of a decision on dividend policy, in a perfect capital market environment, that shows the irrelevance of dividend policy.

Peripheral Heart Action (PHA): A system of training where you go from one exercise to another, with little or no rest, preferably alternating upper body and lower body exercises. Designed for cardiovascular training and t . . . View Full Definition