Related Words

Passive Investment Management: Buying a well diversified portfolio to represent a broad-based market index without attempting to search out mispriced securities.

Passive: Income or loss from business activities in which a person does not materially participate, such as a limited partnership.

Passive Activity Loss (PAL): A loss incurred in participating in passive investing.

Passive Bond: A bond without any interest yield.

Participative Management: A management style, developed by Motorola, that involves employees in the decision-making process.

Passive Component: In a crossover system, a non-powered component used to separate an audio signal into a specified frequency band before it goes to a particular amplifier or driver. A passive device usually i . . . View Full Definition

Open-Book Management: A management strategy emphasizing employee empowerment by making the organization’s financial data available to all employees. The goal of this type of management program is to make employee . . . View Full Definition

Net Investment Income Per Share: Income received by an investment company from dividends and interest on investments less administrative expenses, divided by the number of outstanding shares.

Net Present Value Of Future Investments: The present value of the total sum of NPVs expected to result from all of the firm's future investments.

Normal Investment Practice: The investment history of a customer, which is used as a benchmark to test the bona fide public offerings requirement of the allocation of a hot issue.