Related Words

Base Probability Of Loss: The probability of not achieving a portfolio expected return. Related: Value at risk.

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

Philadelphia Board Of Trade (PBOT): A subsidiary of the Philadelphia Stock Exchange that trades currency futures.

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

Photo Glossary: Y

Pianoforte: Original name for the piano.

Physiologically Based Pharmacokinetic Model (PBPK Model): A computer model that describes what happens to a chemical in the body. This model describes how the chemical gets into the body, where it goes in the body, how it is changed by the body, an . . . View Full Definition

Physician Profiling: In the context of a pharmacy benefit plan, the process of compiling data on physician prescribing patterns and comparing physicians' actual prescribing patterns to expected patterns within s . . . View Full Definition

Photoflood: Artificial light source using a tungsten filament lamp and a dish reflector.