Finance P
P/E ratio
Par rate of exchange
Paasche index
Paid-up policies
Panel data
Paper money
Par value
'Paradox of value' - see Marginal utility
Paradox of voting
Parallel money markets
Pareto efficiency
Pareto efficient
Pareto, Vilfredo Federico Damaso (1848-1923)
Pareto-optimal - see Economic efficiency
Pareto's law
Pari passu
Paris Club - see Group of Ten
Parkinson’s Law
Part payment
Partial correlation
Partial equilibrium analysis
Partial loss
Participation rate
Particular average loss
Passing a name
Path dependence
Pay As You Earn (P.A.Y.E.) - UK
Pay-as-you-go pension
Pay-off matrix
Pay pause
Payable to bearer
Payable to order
Paying-in book
Payments, balance of
Payment for honour supra protest
Payment on account
P/E ratio - see Price-earnings ratio
Peg - see Exchange rate
Pegging the exchanges
Pension funds
Pension schemes
Per capita income
Perfect capital mobility
Performance bond
Period bill
Permanent income hypothesis
Permission to deal
Permit to pollute
Perpetual debentures
Personal accounts - see Current account
Personal disposable income
Personal income distribution
Personal loan
Petty, Sir William (1623-87)
Petty's law
Phillips, Alban William Housego (1914-75)
Phillips curve - see Phillips, Alban W. H
Physical controls
Pigou, Arthur Cecil (1877-1959)
Pigou effect
Pigouvian tax
Pink Book
Planned economy
Plate glass insurance
Point elasticity - see Elasticity
Poison pill tactics
Policy instrument
Policy proof of interest
Political business cycle
Political economy
Poll tax
Polluter pays principle
Pollution control
Pollution rights
Ponzi scheme
Pooling equilibrium
Portable pensions
Portfolio selection
Portfolio theory
Positive economics
Post-dated cheque
Post-war credits
Power of attorney
Prebisch, Raul D.
Precautionary motive
Predatory pricing
Predetermined variable
Preference shares
Preferential Trade Area for East and Southern Africa
Premium savings bonds
Price-earnings ratio
Price elasticity of demand
Price elasticity of supply
Price freeze - see Price control
Price index - see Index number
Price-sensitive information
Price system
Price theory
Prices and incomes policy
Primary dealer
Primary market - see New issue market
Prime lending rate
Prime rate (U.S.)
Principal-agent problem
Principal components analysis
Prior charges
Private banks
Private cost
Private benefit
Private enterprise - see Private sector
Private net product
Private network
Private sector
Probability distribution (of a random variable)
Probabilistic sample - see Random sample
Probit model
Produce exchange - see Commodity exchange
Productive efficiency - see Economic efficiency
Professional indemnity insurance
Profit, falling rate of
Profit maximization
Profit policy - see Assurance
Profit taking
Profits tax
Programme, planning, budgeting system (P.P.B.S.)
Progressive tax
Promissory note
Propensity score matching
Propensity to consume
Propensity to import
Propensity to save
Property bond - see Bond
Property income from abroad
Property portfolio
Proportional tax
Proprietary insurance company
Prosecution, agreements to stifle
Prospect theory
Protest - see Nothing and protest
Prudential Regulation Authority (PRA)
Public debt - see National debt
Public enterprise
Public expenditure
Public finance
Public goods
Public liability insurance
Public network
Public sector
Public sector borrowing requirement (P.S.B.R.)
Public trustee
Public works
Public Works Loan Board
Puisne mortgage
Pump priming - see Deficit financing
Purchasing power parity theory
Pure competition - see Perfect competition
Pure monopoly - see Monopoly
Put option - see Option
Pyramiding - see Holding company
Pyramid selling


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