P-R

Pair off: Back-to-back trade between two parties where settlement occurs only by exchanging the cash difference between the two parties.
Par value: See Nominal value.
Pari passu: Without partiality. Securities that rank pari passu, rank equally with each other.
Paying agent: A bank which handles payment of interest and dividends on behalf of the issuer of a security.
Payment date: Date on which a dividend or an interest payment is scheduled to be paid.
Perpetual bond: A bond which has no redemption date.
Portfolio: List of investments held by an individual or company, or list of loans made by a bank or financial institution.
Premium: An option premium is the amount paid upfront by the purchaser of the option to the writer.
Present value: The amount of money which...

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Controls, Procedures and Risk