A bond trading above its face value.
Author: todorm
Preferred Stock
A type of stock that entitles the holder to a fixed dividend, the payment of which takes priority over that of common dividends.
Preemptive Right
The right given to a shareholder to buy additional shares of a new issue in order to maintain the size of his ownership stake in the company.
Position Limits
A preset level of ownership that limits the number of shares or derivatives that a trader may own.
Portfolio Turnover
The rate at which securities are replaced within a fund.
Portfolio
A collection of financial investments such as stocks, bonds, commodities, cash, mutual funds, ETFs, and others.
Point and Figure Chart
A chart that plots price movements as a series of stacked X’s or O’s that do not take into consideration the passage of time.
Point
A point in which commercial transactions take place or may take place.
Pivot
A significant price level known in advance that traders view as important.
Pit
A specific area of the trading floor that is designated for the buying and selling of a security through the open outcry system.