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Prime Floating-Rate Note

A floater (floating rate note) in which coupons are based on the prime rate. Prime is a short-term, floating rate...

Promissory Note

A written promise whereby the maker (issuer, payor, obligor, or promisor) unconditionally commits himself to pay or repay another person...

Prime Floater

A floater (FRN) in which coupons are based on the prime rate. Prime is a short-term, floating rate of interest...

Premium Put Convertible

A convertible with a premium put option which gives the bondholder the right to demand redemption of the bond at...

PE

An asset class that consists of equity investments in privately- or closely-held companies. This type of investment is generally meant...

Patriot Bond

A series EE savings bond which was introduced by the U.S. Treasury Department in December 11, 2001, three months after...

Private Equity

An asset class that consists of equity investments in privately- or closely-held companies. This type of investment is generally meant...

Price

"Price" has different meanings across different contexts. In general, it is defined as the monetary amount that is charged, or...

Price Yield Curve

A curve that depicts the relationship between the annual yield on a coupon bond (coupon-bearing bond) and its price. Coupons...

Premium Leg of a CDO Tranche

The premium leg of a CDO tranche constitutes the regular payments that are proportional to the difference between the tranche...