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Term Description
PACE
paid-up capital
Pairs Trade
Paper Profit (Loss)
Par
parent company
parent entity
pari passu
participating dividend
participating international security
participating preference shares
Participating Preferred
partly paid shares
Partnership
Passed Dividend
Penny Stock
PER
percentage franked
perfect hedge
performance guarantee
person
PHLX
physical delivery
physical market
pit
placement
plain vanilla swap
PMAC
Point
Pooled Development Fund (PDFs)
Portfolio
portfolio insurance
position
position limit
position trading
Post Trade Processing
post-balance-date events
PPO Shares
Pre-market trading
preference shares
Preferred Stock
preliminary expenses
premium
premium (option)
premium (prem)
premium margin
prepaid expenses
prepayments
price fluctuation limit
Price Improvement
price range for day
price spread
price-earnings ratio
Primary Distribution
Primary Market
Prime Rate
Principal
principal activities
Private Equity Fund
pro rata issue
pro-forma statements
profit
profit and loss statement
profit from continuing operations
Profit-Taking
program trading
promissory note
Property Trusts
proprietorship
prospectus
provision for depreciation
proxy
Proxy Statement
Prudent Man Rule
PSE
PSS
Public Offering
purchasing hedge
put
put option
put purchase
put warrant
Puts and Calls
Penny Stock
A stock that typically sells for less than $1 a share, although it may rise to as much as $10/share as a result of heavy promotion. All are traded OTC, many of them in the local markets of Denver, Canadian Venture Exchange, or Salt Lake City.