Price action is the movement and changes in the asset’s price over time. It is a basis for all technical analysis of asset chart.
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Par value is a value for the bond or for the stock beyond which a bond or a security in general can be deemed mature. For corporate-issued securities this is a price of $1000 and higher. For government bonds the amount has to be bigger. Securities can be traded both above and beyond par value.
Price fixing is setting the price for a product or a service, rather than allowing it to be influenced and determined through free-market forces.
Pfandbriefe is the name for covered German mortgage banks bonds which are collateralized by long-term assets. These bonds represent the largest segment of the German private debt market and considered to be the safest debt instruments in the private market.
Passive management is management style which is associated with mutual as well as exchange-traded funds where a fund's portfolio mirrors the movements of a market index thus needed no external management.
Per diem interest is the daily interest on a loan that comes up outside of the standard repayment period. These charges may occur if a borrower receives their principal payment and begins the loan repayment period on any other day except for the first day of the month.
Perfect title is an ownership of property through a deed free of any liens or defects. This is also referred to as a good, clean or free and clear title.