Category: P

Principal-Agent Problem

Definition The Principal-Agent Problem is a conflict of interest that occurs when one person, the agent, is allowed to make decisions on behalf of another

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Private Equity

Definition Private equity refers to a type of investment strategy which involves the direct investment into private companies, or the buyout of public companies to

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Private Banking

Definition Private Banking is a part of the finance industry that offers personalized financial and banking services to high-net-worth individuals (HNWIs). Such services typically include

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Private Good

Definition A private good is a product or service that is owned by an individual or organization, typically purchased and used by the person or

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Prisoner’s Dilemma

Definition The term “Prisoner’s Dilemma” is a concept from game theory, not a financial term specifically. It refers to a situation where two parties could

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Private Company

Definition A private company is a firm that is held under private ownership. These companies may issue stock and have shareholders, but their shares do

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Private Finance Initiative

Definition The Private Finance Initiative (PFI) is a procurement method used by the UK government to finance public infrastructure projects with private capital. Both public

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