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. Federal Reserve Note

    The most accurate term used to describe the paper currency (dollar bills) circulated in the United States. These Federal Reserve Notes are printed by the U.S. Treasury at the instruction of the Federal Reserve member banks, who also act as the clearinghouse for local banks that need to increase or reduce their supply of cash on hand.
  2. Benchmark Bond

    A bond that provides a standard against which the performance of other bonds can be measured. Government bonds are almost always used as benchmark bonds. Also referred to as "benchmark issue" or "bellwether issue".
  3. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to sales or total asset figures.
  4. Oil Reserves

    An estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation's reserves.
  5. Joint Venture - JV

    A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it.
  6. Aggregate Risk

    The exposure of a bank, financial institution, or any type of major investor to foreign exchange contracts - both spot and forward - from a single counterparty or client. Aggregate risk in forex may also be defined as the total exposure of an entity to changes or fluctuations in currency rates.
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