Category: P

Definition A premium bond is a type of bond that is sold at a price higher than its face value or nominal value. This typically

Definition A prepaid expense refers to a cost that has been paid in advance for goods or services to be received in the future. This

Definition Preferred Provider Organizations (PPO) is an insurance plan that gives participants the freedom to choose their own healthcare providers. The plan, however, offers incentives

Definition A prepaid credit card is a card that is funded by an upfront deposit made by the cardholder, which sets the card’s spending limit.

Definition A prepayment penalty is a fee that lenders can charge borrowers if they pay off their loan before the end of the agreed-upon term.

Definition Preference shares, also known as preferred stocks, are shares of a company’s stock with dividends that are paid out to shareholders before common stock

Definition Preferred Stock is a type of equity security higher in rank than common stock. It gives its holders certain advantages, such as a fixed

Definition A Preferred Dividend is a dividend that is accrued and paid on a company’s preferred shares. It is often fixed and paid prior to

Definition In finance, prepayment refers to the early repayment of a debt or installment payment before its due date. It can be in part or

Definition In finance, a premium refers to the amount paid over and above the face value or par value of a financial instrument, like bonds,