Secured Loans
A type of corporation permitted under the U.S. tax code whereby a branch
operation in a U.S. possessions can obtain tax benefits as though it were
operating as a foreign subsidiary.
Post
Particular place on the floor of an exchange where transactions in stocks listed
on the exchange occur.
Post-audit
A set of procedures for evaluating a capital budgeting decision after the fact.
Postponement option
The option of postponing a project without eliminating the possibility of
undertaking it.
Posttrade benchmarks
Prices after the decision to trade.
Preauthorized checks (PACs)
Checks that are authorized by the payer in advance and are written either by the
payee or by the payees bank and then deposited in the payees bank account.
Preauthorized electronic debits (PADs)
Debits to its bank account in advance by the payer. The payers bank sends
payment to the payees bank through the Automated Clearing House (A.C.H.)
system.
Precautionary demand (for money)
The need to meet unexpected or extraordinary contingencies with a buffer stock
of cash.
Precautionary motive
A desire to hold cash in order to be able to deal effectively with unexpected
events that require cash outlay.
