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Glossary

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Pac Man Defense * Pack * Package Trade * Packaged Equity Trust Securities (PETS) * Pairs Trading * Par * Par Cap * Par Value Swap * Parallel Loans * Parallel Shift * Parametric * Parametric Statistics * Pareto Optimality or Efficiency * Pari Passu * Parity * Parity Graph * Parity Value * Parking a Security * Part Contingent Knock-In Option * Partial Collar * Partial Duration * Partial Lookback Warrant or Option * Partially Protected Equity- Linked Note * Participating Account * Participating Cap * Participating Capped Floating Rate Note * Participating Collar * Participating Equity Preferred Stock (PEPS) * Participating Forward Contract * Participating Interest Rate Agreement (PIRA) * Participating Mortgage * Participating Mortgage Strip * Participating Note * Participating Option * Participating Range Forward * Participating Swap * Participation * Participation Agreement * Participation Bond * Participation Certificate * Partly Paid Bonds * Party at Interest * Passing the Book * Passive Management * Passive Manager * Pass-through Securities * Path Dependency * Path-Dependent Floating Rate Note * Path-Dependent Option * Pay as You Go Option * Pay Back * Pay Later Option (PLO) * Pay on Exercise Option * Payback Period * Payer's Swaption * Pay-In-Kind (PIK) Securities * Payment Enhanced Capital Security (Peacs) * Payment Netting * Payment Versus Payment (PVP) * Payoff * Payout * Payout Pattern * Payout Protected Option * Pay-through Securities * Pegging * Penalty Bid * Penny Stock * Pension Benefit Guaranty Corporation (PBGC) * Pension Livrée * Percent Cap * PERCS * Perfect Swap * Performance Attribution System * Performance Bond * Performance Equity-linked Redemption Quarterly pai * Performance Index Paper (PIP) * Performance Plus Shares * Performance-Linked Equity Securities (Perles) * Peril * Period Specific * Periodic Auction Reset Securities (PARS) * Periodic Cap * Periodic Reset Swap * Periodic Return * Perpendicular Spread * Perpetual Floating Rate Note * Perpetual Preferred Stock (Perp) * Perpetual Warrant * Peso Problem * Petrobond * Phantom Income * Physical Commodities * Pick-up * Pin Risk * Pink Sheet Stocks * Pips * Pit * Pit Broker * Plain Vanilla * Plan Assets * Planned Amortization Class (PAC) Bond * Platykurtic Distribution * Playing the Yield Curve * Plaza Accord * Points * Poison Pill * Poison Put * Poisson Jump * Pollution Futures * Ponzi Scheme * Pool * Pooling of Interests * Pop-Up Option * Portfolio Approach to Risk Management * Portfolio Currency Protection Option (PCPO) * Portfolio Income Note (PIN) * Portfolio Insurance * Portfolio Optimization * Portfolio System for Institutional Trading (POSIT) * Portfolio Tilting * Portfolio Trade * Position Limits * Position Trading * Positive Carry * Positive Theory * Post Execution Reporting System (PERS) * Potential Presettlement Exposure * Power Bond * Power Warrant * Praecipuum * Pre-Commitment Capital Requirement * Prediction Bias * Preference Equity Redemption Cumulative Stock (PER * Preferred Habitat Hypothesis * Preferred Income Participation Security (PIPS) * Preferred Purchase Unit * Preferred Redeemable Increased Dividend Equity Sec * Preferred Stock * Premium * Premium Bond * Premium Business * Premium Currency * Premium Free Option * Premium Income * Premium Neutral Option * Premium Put Convertible Bond * Premium Swap * Premium Trigger Option * Premium/Gearing Ratio * Premium-Coupon Synthetic Collateralized Mortgage O * Prepackaged Bankruptcy * Prepaid Swap * Prepayment * Prepayment Option * Prepayment Risk * Prescribed Right to Income and Maximum Equity (PRI * Present Value * Pre-Settlement Credit Risk * Prêt de Titres * Price Earnings Ratio * Price Jump * Price Limits * Price Risk * Price Value of a Basis Point (PV 01 or PVBP) * Primary Market * Prime Rate * Principal * Principal Components Analysis * Principal Exchange Rate- Linked Securities (PERLS) * Principal Only (PO) Obligation * Principal Protected Note * Principal Relationship * Principal Risk * Principles and Practices for Wholesale Financial Market Transaction * Prisoner's Dilemma * Private Market Valuation (PMV) * Privately Negotiated Derivatives (PND) * Privatization * Privileges * Pro Forma Financial Statement * Pro Rata Strip (PRS) Bond * Probability Density Function * Probability Mass * Product Moment Correlation Coefficient * Profit-Sharing Option * Program Trading * Prohibited Transaction * Projected Benefit Obligation (PBO) * Prospect Theory * Protected Equity Note (PEN) * Protected Equity Participation (PEP) * Protected Index Participation (PIP) * Protective Put * Proxy * Proxy Hedging * Prudent Expert Rule of ERISA * Prudent Man Rule * Pseudorandom Numbers * Public Sector Borrowing Requirement (PSBR) * Public Securities Association (PSA) * Public Securities Association (PSA) Prepayment Mod * Pundit * Purchase Accounting * Purchasing Power Parity (PPP) * Purgatory and Hell Bond * Put and Call Brokers and Dealers Association (PCBD * Put Bonds * Put Guarantee Letter * Put Option * Put Spread * Put Swaption * Put Warrant * Put/Call Parity * Put/Call Ratio * Puttable Bonds * Puttable Extendible Notes * Puttable Notes * Puttable Range Floater * Puttable Stock * Puttable Swap * Puttable Warrant * Pyramid Scheme * Pyramiding

Glossary