Business / Finance Glossary

Performance Stock: High-growth stock in a company that retains earnings for further growth and therefore pays no dividends, but that an investor feels has significant future potential.

Period Expenses: A term for expenses recorded in the period in which they occur regardless of whether or not they pertain to a prior or later period. R&D and advertising expenditures are examples of costs th . . . View Full Definition

Period Of Digestion: The time period of often high volatility after a new issue is released when the trading price of the security is established by the market.

Period-Certain Annuity: An annuity that provides guaranteed payments to an annuitant for a specified period of time.

Periodic Payment Plan: Accumulation of capital in a mutual fund by making regular payments on a monthly or quarterly basis.

Periodic Purchase Deferred Contract: A fixed or variable annuity contract for which fixed-amount premiums are paid either monthly or quarterly, and that does not begin paying out until a time elected by the annuitant.

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.

Periodicity: The level of detail in terms of time at which data is forecast or reported, specified as months, quarters, or years.

Periods: Discrete intervals of time. The word period generally refers either to the interval of the entire forecast (as in forecast period) or the granularity of data in financial statements (as in p . . . View Full Definition

PERLS: Principal Exchange-Rated-Linked Securities

Permanent Financing: Long-term financing using either debt or equity.

Perpendicular Spread: Option strategy involving the purchase of options with similar expiration dates and different exercise prices.

Perpetual Bond: Nonredeemable bond with no maturity date that pays regular interest rates indefinitely.

Perpetual Inventory: Recordkeeping system in which book inventory is updated daily.

Perpetual Warrants: Warrants that have no expiration date.

Perpetuity: A constant stream of identical cash flows without end, such as a British consol.

Perquisites: Personal benefits, including direct benefits, such as the use of a firm car or expense account for personal business, and indirect benefits, such as up-to-date office decoration.

Personal Article Floater: Insurance policy attachment designed to cover specified personal valuables.

Personal Exemption: Amount of money a taxpayer can exclude from personal income for each member of the household in calculation of a tax obligation.

Personal Income: Total income received from all sources, including wages, salaries, or rents, and the like.

Personal Inflation Rate: The inflation rate as it affects a specific individual.

Personal Property: Any assets other than real estate.

Personal Tax View (Of Capital Structure): The argument that the difference in personal tax rates between income from debt and income from equity eliminates the disadvantage of the double taxation (corporate and personal) of income f . . . View Full Definition

Personal Trust: An interest in an asset held by a trustee for the benefit of another person.

Phantom Income: Income from a limited partnership that creates taxability without generating cash flow.

Page: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226