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P-Value

The smallest level of significance at which the null hypothesis can be rejected. It indicates the probability that a calculated...

Abundant Factor

The factor in a country's endowment (primary factors of production) of which it is has the highest reservoir relative to...

Principal-To-Principal Basis

The parties to a contract (financial or non-financial), ultimately obligated by contractual terms, sign the contract in their own capacity,...

Credit Deterioration

A gradual decrease in the quality (credit rating, credit quality) of a credit (a security or an issuer) or a...

Put Backspread

A variant on a bear put spread, and a strategy similar to the bull ratio spread in almost all aspects...

Partially Protected ELN

An equity-linked note (ELN) that allows the investor a full participation on the upside, while its protection on the downside...

Protection Buyer

A party to a credit default swap (or any other type of swap) that pays the other counterparty (known as...

Protection Seller

A party to a credit default swap (or any other type of swap) that takes on the credit risk of...

Partial Iron Butterfly

An iron butterfly that is biased upward or downward by selling only one of the out-of-the-money options of the strangle...

Partial Swap

A swap which partially matches the debt it was picked to alter its underlying interest rate (whether from fixed to...