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The Star Of Bethlehem: The star that announced the birth of Jesus and guided the wise men to find Him.

Present Value Of $1: The value today of $1 to be received or paid at some future date given a specified interest rate.

Present Value Of An Annuity: The value today of a series of equally spaced, equal-amount payments to be made or received in the future given a specified interest rate.

Premium (In Excess Of Par): A price paid for a security in excess of its face value.

Pregnancy Discrimination Act (PDA) Of 1978: An amendment to Title VII of the Civil Rights Act of 1964 prohibiting discrimination on the basis of pregnancy, childbirth or related medical conditions, requiring pregnancy or related condi . . . View Full Definition

Preferred Habitat Theory: A biased expectations theory that believes the term structure reflects the expectation of the future path of interest rates as well as risk premium. The theory rejects the assertion that the . . . View Full Definition

Present Value Of Growth Opportunities: Net present value (NPV) of investments the firm is expected to make in the future.

Precession Of The Equinoxes: The gradual westward shift (about 50' each year) of the equinoctial points along the ecliptic due to the ecliptic due to the rotational movement of the poles of Earth's axis. This phenomena . . . View Full Definition

Price Elasticity Of Demand: The relationship between the change in the price of a commodity and the corresponding change in the quantity that is sold. If a small change in the price is accompanied by a relatively large . . . View Full Definition

Primary Coffee Taste Sensations: Acidy, mellow, winey, bland, sharp and soury.