Economics Terms

  1. Permanent Portfolio

  2. Permissible Non-Bank Activities

  3. Permutation

  4. Personal Consumption Expenditures - PCE

  5. PHI-Ellipse

  6. Philadelphia Fed Survey

  7. Philadelphia Federal Index

  8. Phillips Curve

  9. Pick-Up Tax

  10. Pigou Effect

  11. Pigovian Tax

  12. Pink Slip

  13. Platykurtic

  14. Platykurtosis

  15. Plaza Accord

  16. Pledging Requirement

  17. Plutocracy

  18. Plutonomy

  19. Poisson Distribution

  20. Policy Mix

  21. Political Economy

  22. Political Risk

  23. Polynomial Trending

  24. Population

  25. Pork-Barrel Politics

  26. Portable Alpha

  27. Porter Diamond

  28. Portfolio Variance

  29. Positional Goods

  30. Positive Correlation

  31. Positive Economics

  32. Posterior Probability

  33. Potash

  34. Poverty

  35. Poverty Gap

  36. Poverty Trap

  37. PRAM Model

  38. Predatory Dumping

  39. Predatory Pricing

  40. Prediction Market

  41. Predictive Analytics

  42. Preparer Tax Identification Number - PTIN

  43. Prepayment Model

  44. Present Situation Index

  45. Preventive Services

  46. Price Band

  47. Price Ceiling

  48. Price Controls

  49. Price Elasticity Of Demand

  50. Price Inflation

  51. Price Level

  52. Price Level Targeting

  53. Price Maker

  54. Price Sensitivity

  55. Price Stickiness

  56. Pricing Power

  57. Primary Dealer

  58. Primary Dealer Credit Facility - PDCF

  59. Primary Regulator

  60. Primary Reserves

  61. Prime

  62. Prime Bank

  63. Prime Rate

  64. Prior Probability

  65. Prisoner's Dilemma

  66. Private Export Funding Corporation - PEFCO

  67. Private Finance Initiative - PFI

  68. Private Good

  69. Private Letter Ruling - PLR

  70. Private Sector Adjustment Factor - PSAF

  71. Privatizing Profits And Socializing Losses

  72. Pro-Forma Forecast

  73. Pro-Forma Invoice

  74. Probability Density Function - PDF

  75. Probability Distribution

  76. Problem Loan

  77. Problem Loan Ratio

  78. Procyclic

  79. Producer Price Index - PPI

  80. Producer Surplus

  81. Product Life Cycle

  82. Production Cost

  83. Production Credit Association - PCA

  84. Production Efficiency

  85. Production Gap

  86. Production Possibility Frontier - PPF

  87. Productivity

  88. Profitability Index Rule

  89. Progressive Tax

  90. Project Notes

  91. Proof of Charitable Contributions

  92. Proportional Tax

  93. Protectionism

  94. Proved Reserves

  95. Proxy Tax

  96. Public Elevator

  97. Public Good

  98. Public Sector Net Borrowing

  99. Public-Private Investment Program - PPIP

  100. Pump Priming

Hot Definitions
  1. Treasury Inflation Protected Securities - TIPS

    A treasury security that is indexed to inflation in order to protect investors from the negative effects of inflation. TIPS are considered an extremely low-risk investment since they are backed by the U.S. government and since their par value rises with inflation, as measured by the Consumer Price Index, while their interest rate remains fixed.
  2. Gilt-Edged Switching

    The selling and repurchasing of certain high-grade stocks or bonds to capture profits. Gilt-edged switching involves gilt-edged security, which can be high-grade stock or bond issued by a financially stable company such as the Blue Chip companies or by certain governments.
  3. Master Limited Partnership - MLP

    A type of limited partnership that is publicly traded. There are two types of partners in this type of partnership: The limited partner is the person or group that provides the capital to the MLP and receives periodic income distributions from the MLP's cash flow, whereas the general partner is the party responsible for managing the MLP's affairs and receives compensation that is linked to the performance of the venture.
  4. Class Action

    An action where an individual represents a group in a court claim. The judgment from the suit is for all the members of the group (class).
  5. Retail Sales

    An aggregated measure of the sales of retail goods over a stated time period, typically based on a data sampling that is extrapolated to model an entire country. In the U.S., the retail sales report is a monthly economic indicator compiled and released by the Census Bureau and the Department of Commerce.
  6. Okun's Law

    The relationship between an economy's unemployment rate and its gross national product (GNP). Twentieth-century economist Arthur Okun developed this idea, which states that when unemployment falls by 1%, GNP rises by 3%. However, the law only holds true for the U.S.
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