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Pulse Repetition Rate (PRR): The number of pulses transmitted per second.

Prime Rate: The rate a lender charges its best customers. The rate is calculated differently by each lender.

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

Portfolio Turnover Rate: For an investment company, an annualized rate found by dividing the lesser of purchases and sales by the average of portfolio assets.

Portfolio Internal Rate Of Return: The rate of return computed by first determining the cash flows for all the bonds in the portfolio and then finding the interest rate that will make the present value of the cash flows equal . . . View Full Definition

Potassium Citrate: Chemical used in blue and green toners.

Prime Rate Fund: A mutual fund that buys portions of corporate loans from banks and pays the interest to shareholders.

Prorate: A quantity provision in a fruit or vegetable marketing order that is intended to even out weekly shipments (or shipments for some other specified periods of time): it aims to prevent too muc . . . View Full Definition

Protective Put Buying Strategy: A strategy that involves buying a put option on the underlying security that is held in a portfolio. Related: Hedge option strategies.

Profit Rate: Annual Earnings per share after taxes as a percentage of shareholders' equity capital per share at corporate book value at the beginning of the year.