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Banking

Principal

The face value (par value) of an investment/ security/ instrument, etc. It is the original/ initial stated amount that is...

Plain Vanilla

The simplest or standard or basic form of an asset/ financial instrument/ investment/ security/ structure. Examples include plain vanilla bonds,...

Plain Vanilla Convertible Debt

A convertible debt structure that has standard characteristics that make it the basic (plain vanilla) form amongst other structure. These...

Preference Share

A class of shares that come with certain rights distinguishing them from holders of common shares. Preference shares are a...

Preferred Stock

A class of stock that come with certain rights distinguishing them from holders of common stocks. Preferred stocks are a...

Preferred Share

A class of shares that come with certain rights distinguishing them from holders of common shares. Preferred shares are a...

Position

In finance, a position is a specific amount of a security, commodity, or currency that is owned by a market...

Perpetual Bond

A bond, which is a form of quasi-equity instrument (QE instrument), that has no fixed maturity and can continue perpetually...

Payment Lag

In relation to a transfer system, it refers to the span of time (lag) between the acceptance of the transfer...

Physical Delivery

The delivery of an asset such as a commodity or instrument, in physical form. This term is used specifically in...