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Queen of the Meadow Root (Eupatorum purpureum): Also known as gravel root or Joe-Pye Weed. Diuretic, anti-lithic, urinary infections, respiratory.

Present Value Of An Annuity: The value today of a series of equally spaced, equal-amount payments to be made or received in the future given a specified interest rate.

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

Present Value Of $1: The value today of $1 to be received or paid at some future date given a specified interest rate.

Premium (In Excess Of Par): A price paid for a security in excess of its face value.

Preferred Habitat Theory: A biased expectations theory that believes the term structure reflects the expectation of the future path of interest rates as well as risk premium. The theory rejects the assertion that the . . . View Full Definition

Pregnancy Discrimination Act (PDA) Of 1978: An amendment to Title VII of the Civil Rights Act of 1964 prohibiting discrimination on the basis of pregnancy, childbirth or related medical conditions, requiring pregnancy or related condi . . . View Full Definition

Presidential Election Cycle Theory: A theory that stock market trends can be predicted and explained by the four-year presidential election cycle.

Price Of Admission: Used in the context of general equities. Cost to become a player in a stock in an inordinately aggressive market (i.e., locking on one side, size or price concessions); trader becomes aggres . . . View Full Definition

Primary Offering: Direct/Sale of a firm's newly issued shares by the firm to investors.