Partially executed: purchase or sale order in which the quantity of shares is less than the quantity requested.

Passive investment: This is a strategy that seeks to maximize investment results by minimizing purchases and sales.

Pay-out: refers to expected financial returns or monetary outlays on investments or annuities. A payout may be expressed as a lump sum or periodic payment and as a percentage of the investment cost or as an actual dollar amount.

PEG ratio: used to determine the value of a share by also taking into account the company's expected earnings growth, and is considered to provide a more complete picture than the more standard P/E ratio.

Penny Stocks: usually refers to shares of a public company with a value of less than $5 per share.

Pending orders: a pending deposit is a deposit that will be finalized in the near future.

Pending deposits: money pending settlement is money from the sale of a security that has not yet been cleared in the settlement process and therefore cannot be withdrawn.

Pending purchases: is an instruction given for an intermediary to buy or sell a security in the future based on the conditions established as seller.

Pending withdrawals: a pending withdrawal is a withdrawal that will be completed in the near future.

P/L Ratio "P/E": is when the share price is divided by the profit of the same share. The P/L ratio is an indicator that shows how many years it would take an owner of shares to recover his investment in a company based on profit, assuming that profit remains constant.

Preference Shares: More commonly referred to as preferred stock, are shares of a company’s stock with dividends that are paid out to shareholders before common stock dividends are issued.

If the company enters bankruptcy, preferred stockholders are entitled to be paid from company assets before common stockholders.

Preferred Stock: a type of stock that represents a proportionate share of ownership in a company and the right to claim income from the company's operations, usually without voting rights.

In the event of liquidation, the preferred shareholders' right to the assets is greater than that of the common shareholders.

Purchasing power: consists of the value of the account, minus the amount invested in shares, minus any pending purchases.