Related Words

O: Fifth letter of a Nasdaq stock symbol specifying that it is the company's second class of preferred shares.

Present Value Factor: Factor used to calculate an estimate of the present value of an amount to be received in a future period. If the opportunity cost of funds is 10% over next year, the factor is [1/(1 + 0.10)].

Presale Order: An order to purchase part of a new municipal bond issue that is accepted by an underwriting syndicate before an official public offering.

Prerefunded Bond: Refunded bond.

Premium Income: The income received by an investor who sells an option.

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

Pre-Sold Issue: An issue that is sold out before the coupon announcement.

Price Compression: The limitation of the price appreciation potential for a callable bond in a declining interest rate environment, based on the expectation that the bond will be redeemed at the call price.

Previous Balance Method: Method of calculating finance charges based on the account balance at the end of the previous month.

Pre-Tax Rate Of Return: Gain on a security before taxes.