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Parity Value

The market value of the shares of common stock into which a convertible can be exchanged. This value is equal...

Par Rate

The coupon rate at which the price of a bond (or a note, etc.) is made to equal its nominal...

Par Yield

The coupon rate at which the price of a bond (or a note, etc.) is made to equal its nominal...

Pre-Funded Warrant

A warrant that allows the holder to buy a given amount of a firm's securities at the so-called nominal exercise price. This exercise...

Prefunded Warrant

A warrant that allows the holder to buy a given amount of a firm's securities at the so-called nominal exercise price. This exercise...

Penny Warrant

A warrant that allows the holder to buy a given amount of a firm's securities at the so-called nominal exercise price. This exercise...

Participating Bond

A bond which allows the holder to receive a guaranteed minimum rate plus extra coupon payments up to a specific level if the issuer...

Protected Note

A structured note that usually guarantees capital (hence the name: capital protection note). This note secures a future payment of...

PN

It stands for participatory note; a note that is used by investors to gain exposure (participation in the upside) to...

P-Note

It stands for participatory note; a note that is used by investors to gain exposure (participation in the upside) to...