1-3 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Par: The amount of principal that each certificate represents on a bond that will be repaid upon maturity. It is also known as face value.
Pension plan: A type of retirement plan offered by employers that grants employees a defined amount of benefits paid for by employer during retirement. This kind of plan is less popular today.
Permanent insurance: A type of life insurance that lasts your entire life.
Point: A fee associated with a mortgage loan that is one percent of the principal of the mortgage loan.
Portfolio: Your investment structure.
Power of attorney: A legally binding document that grants another person authority to make financial decisions for you under certain conditions, such as your incapacity.
Premium: The amount you pay monthly, quarterly, semi-annually, or annually to purchase various types of insurance.
Principal: The original amount of money invested, excluding any interest or dividends earned. Also referred to as the face value of a loan, excluding any interest charges or fees.
Probate: The process of verifying your will so that your executor is able to carry out your express wishes detailed in your will.
Probate estate: The assets you leave to your heirs through your will.
Prospectus: An official document that contains information required by the Securities & Exchange Commission to describe a mutual fund.