Bit Rate: Measured as 'bits per second,' and used to express the rate at which data is transmitted or processed. The higher the bit rate, the more data that is processed and, typically, the higher the picture resolution.

 

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Bit Rate: Measured as 'bits per second,' and used to express the rate at which data is transmitted or processed. The higher the bit rate, the more data that is processed and, typically, the higher the . . . View Full Definition

Paratext: In Gérard Genette's work, Paratext: Thresholds of Interpretation, Genette introduces the idea of 'paratext,' i.e., anything external to the text itself that influences the way we read a tex . . . View Full Definition

Paris Interbank Offer Rate (PIBOR): The deposit rate on interbank transactions in the Eurocurrency market quoted in Paris.

Pac-Man Strategy: Takeover defense strategy in which the prospective acquiree retaliates against the acquirer's tender offer by launching its own tender offer for the other firm.

Overbite: A condition in which the upper teeth excessively overlap the lower teeth when the jaw is closed. This condition can be corrected with orthodontics.

Outright Rate: Actual forward rate expressed in dollars per currency unit, or vice versa.

Pass-Along Rate: The percentage of people who pass on a message or file.

Overlay Strategy: A strategy of using futures for asset allocation by pension sponsors to avoid disrupting the activities of money managers.

Pass-Through Rate: The net interest rate passed through to investors after deducting servicing, management, and guarantee fees from the gross mortgage coupon.

Periodic Rate: The monthly effective interest rate. For example, the periodic rate on a credit card with an 18% annual percentage rate is 1.5% per month.