Glossary: P Packaged securities Paper dealer Paper profit Parity Participating preferred Passed dividend Passive income PE ratio Penalty bid Placement ratio Plan completion insurance Point Portfolio income Position limit Positive yield curve Pre sale order Pre-emptive right Preferred dividend coverage Preferred stock Pre-sale order Premium bonds Price spread Primary dealer Prime rate Priority of orders Private activities bonds Production Profit taking Progressive tax Prospectus Proxy Public housing authority Public information office Purchase and sales department Put bond Put credit spread Put debit spread Put option buyer Pyramiding

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