Glossary
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P
   paper profits
   par value
   passive investing
   penny stocks
   pension plan
   percentile
   portfolio
   power of attorney
   preferred stock or shares
   preliminary prospectus
   premium
   present value
   pre-tax return
   price/cash flow ratio
   price/earnings ratio (P/E multiple)
   price/earnings to growth ratio (PEG)
   price-to-book (P/B)
   primary distribution or offering of a new issue
   prime rate
   principal
  1. The person for whom a securities dealer executes an order.

2. A dealer buying or selling securities for their own account.

3. A person's capital or the face value of a bond.

4. The part of a monthly payment that reduces the outstanding balance of a mortgage or other loan.

   prior preferred
   private placement
   pro rata
   promissory note
   prospectus
   proxy
   put options