Related Words

Ad Valorem Tax: A tax levied according to value, generally used to refer to real estate tax. Also called the general tax.

Preferred Reading: In cultural studies, the interpretation of the text that is stressed by the text itself. Marxists presume this reading to align with the dominant ideology.

Premium Taxes: State income taxes levied on an insurer's premium income.

Preferential Trade Agreements: Agreements among a group of countries to extend special trading advantages, usually tariff rates that are lower than most-favored nation rates. The U.S.’s Caribbean Basin Initiative and the . . . View Full Definition

Precision Approach Radar (PAR): A ground-radar-based instrument approach providing both horizontal and vertical guidance

Preauthorized Electronic Debits (PAD): Debits to a bank account in advance by the payer. The payer's bank sends payment to the payee's bank through the Automated Clearing House (ACH) system.

Prepaid Ticket Advice: A form used when purchasing an air ticket to be picked up and used by someone else at another airport. E-tickets have reduced the need for this greatly.

Pressure Gradient: The amount of pressure change that occurs over a fixed distance at a fixed altitude.

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

Price Leadership: A price charged by the dominant producer that becomes the price adopted by all the other producers.