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Par

Par is when the amount of money you give a bond issuer to buy the bond (principal amount) is the same amount that the Issuer agrees to pay you (face value) when the bond expires (maturity date). It's when the principal amount is the same as the face value.

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Par Bond

A Par Bond is when the amount of money the bond holder pays for a bond is the same amount as the Face Value of the bond.

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Preferred Shareholder

A Preferred Shareholder is someone who owns preferred stock.

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Premium Bond

Premium Bond is when the amount of money you give a bond issuer to buy the bond (principal amount) is the greater than the amount that the Issuer agrees to pay you (face value) when the bond expires (maturity date). It's when the principal amount is greater than the face value. This is also called Above Par.

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Price Weighted Index

A Price Weighted Index is a type of stock index whose value is calculated using a formula that takes into account the prices of each individual stock in the index.

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Primary Market

Primary Market is the market where stock and bonds are issued by the company and distributed directly to investors. 

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Principal Amount

Principal Amount is the amount of money that you give to the Issuer when you buy a bond.

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Priority of Payments

Priority of Payments is the order in which investors get paid by an institution. All Creditors get paid first, then all preferred shareholder and then all common shareholders.

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Profit

Profit is the amount of money you get after you take into account your expenses. For example, if you sell a shirt for $50, but it cost you $20 to make, your profit is $30.