Pricing Power refers to the ability of a company to raise prices without losing customers or significantly affecting demand for its products or services. This power is often indicative of strong brand loyalty, a unique product offering, or a dominant…

Primary Account Number (PAN) is a unique identifier assigned to a payment card, which typically consists of 16 digits. It is used to identify the issuer of the card and the individual account associated with it. The first six digits…

Primary Insurance Amount (PIA) refers to the amount of monthly Social Security benefits a worker is entitled to receive at full retirement age, based on their earnings history. The PIA is calculated using the worker's average indexed monthly earnings (AIME)…

Primary Market refers to the part of the capital market that deals with the issuance of new securities. In the primary market, companies, governments, and other entities can raise capital by selling shares, bonds, or other financial instruments directly to…

The Prime Rate is the interest rate that commercial banks charge their most creditworthy customers, typically large corporations. It serves as a benchmark for various lending products, including loans and credit cards. The Prime Rate is influenced by the federal…

Prisoner's Dilemma: The Prisoner's Dilemma is a standard example of a situation in game theory where two individuals acting in their own self-interest do not produce the optimal outcome. In this scenario, each prisoner has two choices: to cooperate with…

Privacy Coins are cryptocurrencies designed to enhance the privacy and anonymity of transactions. Unlike traditional cryptocurrencies like Bitcoin, which have transparent ledgers, privacy coins use advanced cryptographic techniques to obscure transaction details, including sender and receiver identities, as well as…

Private Banking refers to a suite of personalized financial services and investment management offered to high-net-worth individuals (HNWIs). These services are tailored to meet the unique financial needs of affluent clients, providing them with exclusive access to specialized products, dedicated…

A private company is a type of business entity that is owned by a small group of investors and is not publicly traded on a stock exchange. Private companies have restrictions on the transfer of shares, meaning that ownership is…

Private equity refers to investment funds that buy and restructure companies that are not publicly traded on a stock exchange. These funds raise capital from institutional investors and accredited individuals to invest in private companies, often taking a controlling interest.…

A private key is a secure cryptographic key that is used in asymmetric encryption algorithms to decrypt information that has been encrypted with the corresponding public key. It is essential for maintaining the confidentiality and integrity of data. The private…

Private Student Loans are loans that are offered by private financial institutions, such as banks, credit unions, and other lenders, to help students finance their education. Unlike federal student loans, which are funded by the government and have standardized terms,…

Pro Rata refers to a Latin term meaning "in proportion." It is used to describe the allocation or distribution of a quantity in a proportional manner based on a specific factor or criteria. This concept is often applied in finance,…

Probate refers to the legal process through which a deceased person's will is validated, and their estate is administered. This process typically involves proving the validity of the will, appointing an executor, identifying and valuing the deceased's assets, settling debts…

Product Life Cycle The Product Life Cycle (PLC) is a marketing concept that describes the stages a product goes through from its introduction to its decline in the market. The PLC consists of four primary stages: Introduction, Growth, Maturity, and…

A Production Possibility Frontier (PPF) is a graphical representation that illustrates the maximum possible output combinations of two goods or services that an economy can achieve when all resources are fully and efficiently utilized, given the existing levels of technology.The…

Profitability ratios are financial metrics used to assess a company's ability to generate profit relative to its revenue, assets, or equity. These ratios provide insights into how efficiently a company is performing and its overall financial health. Examples of Profitability…

Project Kuiper Project Kuiper is an initiative by Amazon to build a constellation of low Earth orbit (LEO) satellites designed to provide high-speed broadband internet access to underserved and unserved communities worldwide. The project aims to enhance global internet coverage…

Proof of Authority (PoA) is a consensus mechanism used in blockchain networks where a limited number of pre-approved nodes (validators) are granted the authority to create new blocks and validate transactions. Unlike Proof of Work (PoW) and Proof of Stake…

Proof of Stake (PoS) is a consensus mechanism used in blockchain networks to validate transactions and create new blocks. Unlike Proof of Work (PoW), where miners compete to solve complex mathematical problems, PoS allows validators to create new blocks based…

Proof of Work is a consensus mechanism used in blockchain networks to validate transactions and secure the network. It requires participants, known as miners, to solve complex mathematical problems to add new blocks to the blockchain. This process involves significant…

Property Management is the operation, control, maintenance, and oversight of real estate and personal property. It encompasses a range of activities aimed at maximizing the value and functionality of properties while ensuring they meet the needs of tenants and comply…

Property taxes are taxes assessed on real estate properties, typically based on the value of the property. These taxes are usually levied by local governments and are used to fund various public services, including education, infrastructure, and emergency services. Property…

A prospectus is a formal document that provides detailed information about an investment offering to potential investors. It typically includes information about the company's operations, financial performance, risks, management, and the terms of the investment. Examples: Mutual Funds: A mutual…

Protective Collar: A protective collar is a risk management strategy used in financial markets to limit potential losses while allowing for some upside potential. It typically involves holding a long position in an asset while simultaneously buying a protective put…