Nonparallel Shift In The Yield Curve: A shift in the yield curve in which yields do not change by the same number of basis points for every maturity. Related: Parallel shift in the yield curve.

 

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Nonparallel Shift In The Yield Curve: A shift in the yield curve in which yields do not change by the same number of basis points for every maturity. Related: Parallel shift in the yield curve.

Butterfly Shift: A nonparallel shift in the yield curve involving the height of the curve.

Palomino: Has synonym names Listán Blanca and Jerez. White-wine grape widely grown in Spain and mostly used for Sherry-type fortified wines. Currently the Palomino Fino clone has been adopted as best . . . View Full Definition

Pambakina: Has synonym names Maratheftiko, Pambakada and Vamvacada. Red-wine grape indigenous to Cyprus. Used to produce dry varietal wine.

Palmer Drought Index: A long-term meteorological drought severity index produced by the NOAA/USDA (Department of Agriculture) Joint Agricultural Weather Facility. The index depicts prolonged times, as in months o . . . View Full Definition

Pallas Athena: The second asteroid discovered in the early nineteenth century, named after the Greek goddess of war, wisdom and handicrafts.

Palindromes: Thomas blount's english dictionary (1656) explains that 'palindromes (gr.) Are those sentences or verses, where the syllables are the same backward as forward. As a noble lady in queen eliza . . . View Full Definition

Palinode: An ode or song that retracts what the poet wrote in a previous poem: a recantation.

Pancake Landing: an aircraft landing procedure in which the aircraft is on an even plane with the runway. As the aircraft reduces speed and lift, it drops to the ground in a flat or prone attitude.

Panic Buying Or Selling: Rapid trading of stocks or bonds in high volume in anticipation of sharply rising or falling prices, usually after unexpected news is released.