Related Words

Base Rate: British equivalent of the U.S. prime rate.

Appraised Stumpage Price (Or Appraised Rate): On national forests, the Forest Service estimate of the market price for timber to be cut and removed. It cannot be less than the base rates. The appraised price is the advertised minimum fo . . . View Full Definition

Payment Rate: Generally, the amount paid per unit of production (i.e., bushel, pound, hundredweight) to each participating farmer for eligible production under commodity income and price support programs.

Performance Based Inspection System (PBIS): A computer-based system used by USDA’s meat and poultry inspection agency, the Food Safety and Inspection Service. The system organizes inspection requirements, schedules inspection activiti . . . View Full Definition

Passive Portfolio Strategy: A strategy that involves minimal expectational input, and instead relies on diversification to match the performance of some market index. A passive strategy assumes that the marketplace wil . . . View Full Definition

Pass-Through Coupon Rate: The interest rate paid on a securitized pool of assets, which is less than the rate paid on the underlying loans by an amount equal to the servicing and guaranteeing fees.

Pass-Along Rate: The percentage of people who pass on a message or file.

Performance-Based Pay: A variable pay strategy that pays employees based on their individual performance and contributions, rather than the value of the job they are performing.

Pass-Through Rate: The net interest rate passed through to investors after deducting servicing, management, and guarantee fees from the gross mortgage coupon.

Periodic Rate: The monthly effective interest rate. For example, the periodic rate on a credit card with an 18% annual percentage rate is 1.5% per month.