Business and Personal Finance Dictionary

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• PARITY BONDS - Revenue bonds that have an equal lien on the revenues of the issuer.
  
  
• PARITY CLAUSE - a provision in a mortgage contract stating that all notes are equally secured and that ...
  
  
• PARITY PRICE - 1. For a mortgage-backed security, see par line. 2. For a convertible security, see conv...
  
  
• PARITY VALUE - Related: Conversion value
  
  
• PARITY VALUE OF A CONVERTIBLE BOND - See conversion value.
  
  
• PARKING - A term that refers to depositing, or “parking,” cash in a high-yield money market account unt...
  
  
• PARKING RATIO - Dividing the total rentable square footage of a building by the building's total number...
  
  
• PARKING VIOLATION - Often used in risk arbitrage. Illegal holding of stock by a third party, or the fin...
  
  
• PAROL - Not written, verbal.
  
  
• PAROL CONTRACT - An agreement that is not reduced to writing, that is created through spoken words.