Line Of Advantage: An imaginary axis that connects the third decan of the third and ninth houses. The Moon's North Node east of this axis is thought to be in a favorable or advantageous position.

 

Related Words

Line Of Advantage: An imaginary axis that connects the third decan of the third and ninth houses. The Moon's North Node east of this axis is thought to be in a favorable or advantageous position.

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.

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.

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

Period Of Digestion: The time period of often high volatility after a new issue is released when the trading price of the security is established by the market.

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

Perishable Agricultural Commodities Act (PACA) Of 1930: P.L. 71-325 (June 10, 1930), as amended, regulates the buying and selling of fresh and frozen fruits and vegetables to prevent unfair trading practices and to assure that sellers will be pai . . . View Full Definition

Phase Alternate Line (PAL): The television broadcast standard in Europe and parts of Asia: (excluding France and Eastern Europe, where SECAM is the standard). PAL signals have 25 frames per second, and so are incompati . . . View Full Definition

Personal Tax View (Of Capital Structure): The argument that the difference in personal tax rates between income from debt and income from equity eliminates the disadvantage of the double taxation (corporate and personal) of income f . . . View Full Definition

Personal Responsibility and Work Opportunity Reconciliation Act Of 1996: P.L. 104-193 (September 22, 1996) was labeled as a major 'welfare reform' initiative. In addition to provisions making major changes to federal cash welfare, medicaid, work, and child care d . . . View Full Definition