Blogs

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23Nov, 23

Primary Economic Terms (PET) - Meaning

Primary/core economic terms of an OTC derivative transaction....

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23Nov, 23

Projected benefit obligation (PBO) - Meaning

A measure of a pension plan's liability at the calculation date assuming that the plan is ongoing and will not terminate in the foreseeable future. Re...

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23Nov, 23

Proxy - Meaning

Document intended to provide shareholders with information necessary to vote in an informed manner on matters to be brought up at a stockholders' meet...

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23Nov, 23

PSA - Meaning

A prepayment model based on an assumed rate of prepayment each month of the then unpaid principal balance of a pool of mortgages. PSA is used primaril...

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23Nov, 23

PSE - Meaning

Public Sector Enterprise....

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23Nov, 23

Recognised Clearing House (RCH) - Meaning

A clearing house, which has been recognised by the Financial Services Authority (FSA) and allowed to operate in the UK. Recognition is granted by the ...

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23Nov, 23

Recourse - Meaning

Term describing a type of loan. If a loan is with recourse, the lender has a general claim against the parent company if the collateral is insufficien...

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23Nov, 23

Redemption - Meaning

Redemption means paying off all the money borrowed under an agreement....

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23Nov, 23

Risk prone - Meaning

Willing to pay money to transfer risk from others....

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23Nov, 23

Selective Credit Control (SCC) - Meaning

Control of credit flow to borrowers dealing in some essential commodities to discourage hoarding and black-marketing....