Economics Terms

  1. Permanent Open Market Operations - POMO

  2. Permanent Portfolio

  3. Permissible Non-Bank Activities

  4. Permutation

  5. Personal Consumption Expenditures - PCE

  6. PHI-Ellipse

  7. Philadelphia Fed Survey

  8. Philadelphia Federal Index

  9. Phillips Curve

  10. Pick-Up Tax

  11. Pigou Effect

  12. Pigovian Tax

  13. Pink Slip

  14. Platykurtic

  15. Platykurtosis

  16. Plaza Accord

  17. Pledging Requirement

  18. Plutocracy

  19. Plutonomy

  20. Poisson Distribution

  21. Policy Mix

  22. Political Economy

  23. Political Risk

  24. Polynomial Trending

  25. Population

  26. Pork-Barrel Politics

  27. Portable Alpha

  28. Porter Diamond

  29. Portfolio Variance

  30. Positional Goods

  31. Positive Correlation

  32. Positive Economics

  33. Posterior Probability

  34. Potash

  35. Poverty

  36. Poverty Gap

  37. Poverty Trap

  38. PRAM Model

  39. Predatory Dumping

  40. Predatory Pricing

  41. Prediction Market

  42. Predictive Analytics

  43. Preparer Tax Identification Number - PTIN

  44. Prepayment Model

  45. Present Situation Index

  46. Preventive Services

  47. Price Band

  48. Price Ceiling

  49. Price Controls

  50. Price Elasticity Of Demand

  51. Price Inflation

  52. Price Level

  53. Price Level Targeting

  54. Price Maker

  55. Price Sensitivity

  56. Price Stickiness

  57. Pricing Power

  58. Primary Dealer

  59. Primary Dealer Credit Facility - PDCF

  60. Primary Regulator

  61. Primary Reserves

  62. Prime

  63. Prime Bank

  64. Prime Rate

  65. Prior Probability

  66. Prisoner's Dilemma

  67. Private Export Funding Corporation - PEFCO

  68. Private Finance Initiative - PFI

  69. Private Good

  70. Private Letter Ruling - PLR

  71. Private Sector Adjustment Factor - PSAF

  72. Privatizing Profits And Socializing Losses

  73. Pro-Forma Forecast

  74. Pro-Forma Invoice

  75. Probability Density Function - PDF

  76. Probability Distribution

  77. Problem Loan

  78. Problem Loan Ratio

  79. Procyclic

  80. Producer Price Index - PPI

  81. Producer Surplus

  82. Product Life Cycle

  83. Production Cost

  84. Production Credit Association - PCA

  85. Production Efficiency

  86. Production Gap

  87. Production Possibility Frontier - PPF

  88. Productivity

  89. Profitability Index Rule

  90. Progressive Tax

  91. Project Notes

  92. Proof of Charitable Contributions

  93. Proportional Tax

  94. Protectionism

  95. Proved Reserves

  96. Proxy Tax

  97. Public Elevator

  98. Public Good

  99. Public Sector Net Borrowing

  100. Public-Private Investment Program - PPIP

Hot Definitions
  1. XW

    A symbol used to signify that a security is trading ex-warrant. XW is one of many alphabetic qualifiers that act as a shorthand to tell investors key information about a specific security in a stock quote. These qualifiers should not be confused with ticker symbols, some of which, like qualifiers, are just one or two letters.
  2. Quanto Swap

    A swap with varying combinations of interest rate, currency and equity swap features, where payments are based on the movement of two different countries' interest rates. This is also referred to as a differential or "diff" swap.
  3. Genuine Progress Indicator - GPI

    A metric used to measure the economic growth of a country. It is often considered as a replacement to the more well known gross domestic product (GDP) economic indicator. The GPI indicator takes everything the GDP uses into account, but also adds other figures that represent the cost of the negative effects related to economic activity (such as the cost of crime, cost of ozone depletion and cost of resource depletion, among others).
  4. Accelerated Share Repurchase - ASR

    A specific method by which corporations can repurchase outstanding shares of their stock. The accelerated share repurchase (ASR) is usually accomplished by the corporation purchasing shares of its stock from an investment bank. The investment bank borrows the shares from clients or share lenders and sells them to the company.
  5. Microeconomic Pricing Model

    A model of the way prices are set within a market for a given good. According to this model, prices are set based on the balance of supply and demand in the market. In general, profit incentives are said to resemble an "invisible hand" that guides competing participants to an equilibrium price. The demand curve in this model is determined by consumers attempting to maximize their utility, given their budget.
  6. Centralized Market

    A financial market structure that consists of having all orders routed to one central exchange with no other competing market. The quoted prices of the various securities listed on the exchange represent the only price that is available to investors seeking to buy or sell the specific asset.
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