Business and Personal Finance Dictionary

# 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 

• PEGBOARD SYSTEM - see ONE-WRITE SYSTEM.
  
  
• PEGGED EXCHANGE RATE - Exchange rate whose value is pegged to another currency's value or to a unit of ...
  
  
• PEGGING - Making transactions in a security, currency, or commodity in order to stabilize or target its...
  
  
• PELL GRANT - The largest federal grant program. Grants are generally awarded to families whose incomes ...
  
  
• PEN - The ISO 4217 currency code for the Peruvian Nuevo Sol.
  
  
• PENALTY - For taxes, a fine charged by the IRS for paying or filing your taxes late. You may be charged...
  
  
• PENALTY BID - Refers to a syndicate's effort to support or stabilize the price of the newly issued secu...
  
  
• PENALTY CLAUSE - (1) a provision in a promissory note specifying a penalty for late payments. (2) a cla...
  
  
• PENALTY RATE - Several percentage points higher than a card's current annual percentage rate, which goe...
  
  
• PENALTY TAX - A federal tax that can be applied if a plan holder does not meet certain requirements whe...