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Paid-Up Shares	Fully paid stocks
Par	State of equality, or 100 percent, without premium or discount; the face or nominal value of a share of stock the value imprinted or engraved on a bond or stock certificate, or the principal amount at which a bond will be redeemed at maturity
Participating Preferred Stock	Preferred stock whose owners may receive (participate in) dividends beyond the stated amount or stated percentage
Participation	The portion or share of securities that is allotted to each member of a distributing syndicate, known as a participant, by the syndicate managers when an issue of securities is floated by a syndicate
Par Value	Face value or nominal value, as the par value of stock and bonds
PASBDI	Philippine Association of Securities Brokers and Dealers, Inc.
Pass A Dividend	A security recognized as a reflector of a market trend
Password	A unique word or string of characters that a program, computer operator, or user must supply to meet security requirements before gaining access to date
Payment Date	The date on which dividends are to be paid after the date of declaration and date of record
PCDI	Philippine Central Depository, Inc.
Pegged Price	The price of a security or commodity when it is not permitted by those in control to advance above or decline below a certain fixed point
Perfect Competition	A market condition in which neither the buyer nor the seller can alter the price of goods or services
Period of Distribution	In syndicate operations, the duration of the offering period during which the security is publicly offered through the members of the selling group
Point	The unit of price in which fluctuations in quotations and gains and losses are expressed in stocks, bonds, and commodities
Portal Market	A market for qualified investors to privately trade unregistered, world class international securities, operated by NASDAQ
Portfolio	Holdings of loans, bonds, and/or securities
Portfolio Management	Structuring one's assets and liabilities to meet one's needs in terms of risk, competition, maturity schedules, and interest rates
Position	The current trading inventory of securities dealers and others; the number of shares of a security held by an investor or a broker-dealer
Post	A point or position on the floor of a stock exchange at which certain stocks are bought and sold
Postoffering Market	In investment banking underwriting and syndications, a market in securities following completion of the distribution during which the lead underwriter continues to make a market in the security primarily to provide liquidity but not to serve as a price-stabilizing role
Pre-Emptive Rights	Stockholders' privilege to subscribe to new issues of voting stock, usually the common stock or securities convertible into voting stock, before such offerings are made to non-stockholders, often referred to as a privileged subscription right, a right that has been eroded in recent years
Preference Stock	The English equivalent of preferred stock
Preferred Stock	Stock that has a claim upon the earnings in the form of dividends (and sometimes upon the assets and control) of a corporation prior to the common or other class of stock, representing an equity in the corporation that ranks after bonds and floating debt
Preliminary Filing	In investment banking, underwriting and syndication, an SEC filing related to the preparation of the securities issuance providing a broad outline of the offering
Premium	The percentage of price that a security commands over its face value; the price of an option contract or other privilege; the price of an option agreed on by the buyer and seller in open, competitive trading on the exchange trading floor
Primary Distribution	The sale of a new issue of stock and bonds
Primary Earnings Per Share	A disclosure or presentation on the income statement of a corporation based on the outstanding common shares and those securities that are in substance equivalent to common shares, such as certain convertible securities, options, and warrants
Primary Market	In investment banking activities, the market in which the securities are first issued
Principal Underwriter	The managing underwriter in a syndicate
Private Placement	Sale by an issuer of its securities exempt from registration
Privatization	A process used by investment bankers to assist in offering the securities of government-owned or privately owned companies to the public
Promoter	A person who, acting along or with others, takes initiative in founding and organizing the business of enterprise of the issuer and receives consideration therefor
Prospectus	A document made by or on behalf of an issuer, underwriter or dealer to sell or offer securities for sale to the public through a registration statement filed with the SEC
PSE	Philippine Stock Exchange incorporated on July 14, 1992. Prior to its corporation, operated under two separate stock exchanges: the Manila Stock Exchange (MSE), and the Makati Stock Exchange (MkSE). The PSE has a total of 224 listed companies classified into 5 sectors: Banks and Financial Services, Commercial & Industrial, Property, Mining, and Oil
PSEFI	PSE Foundation, Inc.
Public Offering	Offering of stock to the public
Public Utility Stocks	Preferred and common stocks of public utility companies in the electric light and power, natural gas, manufactured gas, water, telephone, telegraph and other industries
Pyramiding	In stock transactions, the practice of borrowing against unrealized paper profits to make additional purchases; a series of buying and selling operations during an upward or downward trend in the stock market, working on margin with the profits made in the transaction TOP

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