- (i) Price of 100%.
(ii) The principal amount at which the issuer of a debt security contracts to redeem at maturity.
(iii) The nominal value of a security.
- Par value
- The amount, exclusive of interest or premium, due to a security holder at maturity. The face value (par value) of a security is shown on the face of the security's certificate.
- On Swiss exchanges, a bearer security incorporating the same rights as the dividend-right certificate and thus similar to that. It is issued for the purpose of raising capital, and its nominal value is part of the equity of the company.
- Passive managers
- Fund managers who do not attempt to beat the market. Instead, they try to mirror the performance of a selected market index.
- Payment date
- The date on which a dividend or bond interest payment is scheduled to be paid.
- Penny stocks
- Low-priced stocks selling at less than USD1 a share, often highly speculative.
- A security without a time limit for redemption.
- Pink sheets
- A list of securities which are traded by OTC market-makers, published by the National Quotations Bureau; the price quotations for equity securities are published on pink sheets, those of debt securities on yellow sheets.
- 1/100 of 1% of the nominal value of a security.