Parent company
A company which either:
          1. Is the investment company of another company; or
          2. Control another company by holding more than half the selection stock and majority of shares of an extra company.

Pari passu
On an equal traction, or proportionately. A term commonly used with admiration to share issues to specify that the new shares being issued will rank similarly in all respects with previously issued shares either instantaneously or at some specific time in the near future.

Participating dividend
A dividend paid to predilection shareholders in addition to the normal preference dividends payable.

Participating preference shares
A share with a maintain to profits ahead of normal shares. These shares may also have admission to any additional dividends to be paid after ordinary shareholders have received theirs.

Pay Date
With admiration to stocks split or dividends, a pay date is the date that a company pays a payment or stock split out, which is regularly the day before the ex-dividend date.

Payout Ratio
Entitlement of net income paid out in dividends.

Pennant
A pennant is a guide where the stock has narrowing highs and lows as it moves sideways, converging more or less on the centerline between the highs and lows. Think of it as a cone turned on its side. We desire to see volume fall as the pattern tightens.

Percent to Double
We use this with admiration to options trades in determining if we like a selection enough to buy it or if we are in an option, if we want to stay in it.

Percentage franked
A franked payment is a dividend paid by a company out of earnings on which the company has by now paid tax. The shareholder is allowed to an imputation credit, or decline in the amount of income tax that must be paid, up to the amount of tax by now paid by the company.

Person
Includes a human being, body corporate, body politic, firm, association, authority or other article.

Phillips Curve
The Phillips Curve is the relationship between unemployment and increase proposed by British economist. This theory was generally accepted as it appeared to track historical financial trends.

Placement
An allocation of shares, debentures, etc. made straight from the company to investors, rather than during the medium of a common cash issue.

PPO Shares
Abbreviation for partially paid normal shares.Shares that rank before ordinary shares in the event of liquidation of the issuing company and that usually receive a fixed rate of return.

Preferred Shares
These are a type of stock issued by a company. Chosen shares give such shareholders a fixed share from the company's earnings.

Preferred Stock
Favorite stock is a debt instrument, something like a bond. Favored shareholders are paid ahead of general stock holders in the incident the corporation is liquidated. Translatable favorite shares can be converted into common stock according to predetermined conditions.

Premium
This refers to the value of an selection, or its price, as scheduled on an exchange. This represents the cost if you are a buyer or cash in if you are a seller. The price of an result contract, unwavering in the spirited marketplace, which the buyer of the collection pays to the decision writer for the rights conveyed by the decision contract. The amount allocated by the taker of the decision to the writer of the decision on buying the option.

Price Gap
A price gap describes the position where a stock opens at a price either higher or lower than the finishing price the day before. Stocks that gap at the open often move back on the way to the previous close before affecting again, but not always.

Price To Earnings
This is an contraction of a stock's price to earnings ratio. The price to earnings ratio is a stock’s share price separated by earnings per share for the company's most recent four quarters. A projected P/E divides the share price by expected earnings per share for the coming four quarters.

Preliminary expenses
Expenses incurred in relationship with the formation and flotation of a company. These expenses are often regarded as being a capital environment, and are normally shown initially as an intangible asset, to be written off at a sensibly early date.

Premium margin
Premium edge is the current market value of the position based on the previous days closing market price and represents the current cost of liquidating the situation.

Prepayments
An expenditure made in one accounting stage covering a term which extends beyond the end of that stage, e.g. an insurance premium paid yearly in advance.
Price earnings ratio
Shows the numeral of times the price covers the earnings per share over a twelve month period. Investors commonly use this ratio to measure the attractiveness of particular shares and to compare shares in one company with those in another.

Price range for day
The maximum and lowest price at which a share traded over the track of a day.

Principal activities
The principal activities of a company as reported in the yearly report.

Private Equity Fund
A company or fund that invests in small to middle private companies. Also called undertaking capital.

Program Trading
Trades based on signals from computer programs. These are regularly entered straight from the traders computer to the market's computer system.

Pro forma statements
Anticipated or hypothetical economic statements arranged as if an event had occurred.

Profit
The accounting expression for what is left from earnings after all operating expense has been provided for.

Profit/Loss Graph
A graphical representation of the probable outcomes of a approach. Dollars of profit or loss are graphed on the straight down axis, and various stock prices are graphed on the horizontal axis. Results may be depicted at any point in time, even though the graph regularly depicts the results at expiration of the options involved in the approach.

Promissory note
An unconditional written undertake to pay a individual sum of money on require or at a individual date. For accounting purposes, promissory notes are treated the same as bills of replace.

Property Trusts
Trusts that consent investors to purchase an observe in a diversified selection of real estate assets. Investors in belongings trusts gain exposure to the value of the real estate the trust owns, and receives usual rental income through distributions the confidence pays to investors.

Pro rata issue
An issue which has been existing to all holders of securities in a class on a pro rata basis.

Prospectus
The document issued by a company or fund situation out the terms of its public justice issue or debt rising

Protected Strategy
A situation that has limited risk. A confined short sale has limited risk, as does a protected bestride write

Power Center
Shopping centers with three or more big box anchors such as Toys R Us, Home Depot and object.

Put
A put is an decision contract that gives the owner the true to sell a specified number of shares of stock at a particular price on or before a specific expiration date. An selection contract that gives the holder the right to sell the underlying safety at a specified price for a confident fixed period of time.

Put option
An decision agreement which gives the holder the right, but not the responsibility, to sell the underlying asset at the exercise price.

Put/Call Ratio
The ratio of put trading volume separated by the call trading volume a reading of 1.0 or more is very bullish as most people think the market is going down.

Put warrant
A put necessitate gives the holder the right, but not the requirement, to sell the underlying asset at the exercise price at or before a fixed expiry date.