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PECDS

An abbrevaition for par equivalent CDS spread; a measure of the creditworthiness of a bond. It sets the bond’s Z-spread…

P2P Crowdlending

It stands for peer-to-peer crowdlending (also person-to-person or people-to-peole crowdlending); a form of crowdfuding/ crowdlending that involves the individuals (the…

Puttable RAN

A range accrual note (RAN) that has an embedded put option. It allows the holder (investor) to put the note…

Payment-In-Kind Security

A debt instrument (security) that gives the issuer the option to pay interest (coupon) either in cash (any form of…

PCPS

An abbreviation for participating convertible preferred stock; a combination of a redeemable preferred stock with common stock. The resulting stock receives…

Prepayment Risk

A type of risk that is associated with loans and loan pools (pooled loans, such as mortgage pools) in the...

Pro-Rata Sinkable Bond

A type of sinking fund bonds (sinkable bonds or sinkers) in which an equal percentage of bonds are redeemed from…

Perpetual Preferred Stock

A preferred stock that has no redemption date. In other words, this fixed-rate equity instrument allows the holder no participation…

Pure Play Firm

A firm that has only one business line or product, and its value (or value of its stocks) solely depends…

Put Warrant

A warrant that a company writes on its own common stock, giving the buyer/holder the right to sell the company’s…