Filter by Categories
Accounting
Banking

Pure Discount Bond

Also discount bond. By definition it is a bond that accrues interest over its life. Accrued interest is only payable...

PC

It stands for participation certificate; a form of compound financial instrument that gives it holders the right to share in...

Participation Certificate

A form of compound financial instrument that gives it holders the right to share in the distributable profits of an...

Pass-Through

A security (a mortgage-backed security, MBS) that is created from pooling mortgages (mortgage loans, as underlying) and sells shares or...

Par Value Stock

A stock (share of stock) that has an arbitrary value established in the articles (charter) of its issuer (i.e., the...

Participation Instrument

An instrument that allows investors to participate in the return of a specific underlying asset. Participation is often up to...

Participating Instrument

An instrument that allows investors to participate in the return of a specific underlying asset. Participation is often up to...

Pipeline

A pipeline or mortgage pipeline describes mortgages that are in the process of being originated. Origination involves creating a loan...

Product Risk

A type of risk that is associated with a financial product that is offered or made but may not be...

PLMBS

It stands for private label mortgage backed security; a type of mortgage-backed security (MBS) that is issued by private entities...