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Banking

Preferred Equity

A type of equity with certain rights and features that distinguish it from ordinary/ common equity. Preferred equity (e.g., preferred...

Preferred Securities

A fixed-income security (investment) that bears certain equity-like features. It is mainly issued by large banks and insurance firms. Preferred...

Perpetual Preferred

A preferred that has no redemption date. In other words, this fixed-rate equity instrument allows the holder no participation in...

Physical ETFs

A type of exchange traded fund (ETF) that tracks the specified index by holding all, or part, of the underlying...

Passive Exchange Traded Fund

A type of exchange traded fund (ETF) that invests in listed securities in a bid to mimic the performance of...

Passive ETF

A type of exchange traded fund (ETF) that invests in listed securities in a bid to mimic the performance of...

Perpetual Debenture

A debenture that does not carry a fixed maturity date. It virtually continues indefinitely as the issuer has no obligation...

Perpetual Security

A security (financial security) that is issued by a company without any obligation to redeem it from the holders/ investors....

PNCPS

It stands for perpetual non-cumulative preference share; a preference share/ preferred share (preferential share) that is issued by banks with...

Perpetual Non-Cumulative Preference Share

A preference share/ preferred share (preferential share) that is issued by banks with no fixed maturity and that do not...