Modigliani And Miller Proposition II: A proposition by Franco Modigliani and Merton Miller that states that the cost of equity is a linear function of the firm's debt/equity-ratio.

 

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Modigliani And Miller Proposition II: A proposition by Franco Modigliani and Merton Miller that states that the cost of equity is a linear function of the firm's debt/equity-ratio.

Property, Plant And Equipment (PP and E): Assets used in the operations of a business that have a useful life greater than one year, including land, buildings, machinery, equipment, and furniture. Also known as fixed assets. See als . . . View Full Definition

Property Plant And Equipment Turnover: A measure of how well property, plant, and equipment are being utilized in generating a period's sales: computed by dividing net sales by average property, plant and equipment.

Prostaglandin: A hormone-like compound with many affects including effects on the secretion of hormones and enzymes, inflammatory response, blood pressure and blood clotting.

Prostaglandins: A class of fatty acids that has many of the properties of hormones; synthesized and secreted by many body tissues and have a variety of effects on nearby cells.

Prostate Gland: A gland that is located near and empties into the urethra; produces a secretion that enhances sperm viability. Gland involved in the reproductive system in males, the prostate secretes a spe . . . View Full Definition

Property Plant And Equipment: Tangible, long-lived assets acquired for use in business operations: includes land, buildings, machinery, equipment, and furniture.

Public Lands: As defined in the Federal Land Policy and Management Act, public lands are any land and interest in land outside of Alaska owned by the United States and administered by the Secretary of the . . . View Full Definition

Profit and Loss Statement (P and L): Another term for the income statement.

Private Island: An island or beach property leased or owned by a cruise line for the specific use of its cruise passengers. Private islands typically offer an array of beach and water sports.