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Banking

Perpetual Capital Security

A capital security that does not have maturity date and the distribution payments (coupon, dividends) can be deferred at the...

Permanent Capital

The capital of a bank or financial institution that is long term or long-lasting as long as it is a...

Pro-Cyclicality

The tendency of financial variables to fluctuate, as per a certain pattern or trend, during the economic cycle. A pro-cyclical...

Procyclicality

The tendency of financial variables to fluctuate, as per a certain pattern or trend, during the economic cycle. A procyclical...

PIC

An acronym for paid-in capital; the total amount of cash or other assets that shareholders have paid a bank in...

Paid-In Capital

The total amount of cash or other assets that shareholders have paid a bank in exchange for shares of its...

Policy Instrument

An instrument or tool that is deployed and applied by a central bank (regulatory authority) with the aim to increase...

Policy Rate

A short-term interest rate, often an overnight rate, that banks charge one another for funds borrowed over short periods of...

Permanent Open Market Operation

An open market operation (OMO) that involves outright purchases or sales of securities (eligible securities) by a central bank for...

POMO

An acronym for permanent open market operation; an open market operation (OMO) that involves outright purchases or sales of securities...