paid-up stock. Stock paid for in full.
par. Face value.
parent company. A company from which other companies derive authority.
participating bond. A bond sharing in a distribution of profits as well as a guaranteed interest.
passing a dividend. Failure to make a regular dividend.
passive bond. A non-interest bearing bond having some other benefit attached.
plain bond. A bond having no mortgage or collateral security and without a sinking fund provision.
plant. The permanent appliances necessary to conduct any business.
postdated. Bearing a future date.
preferred stock. Stock which must receive a dividend and participate in a distribution of assets before common stock.
private company. A close corporation. [English.] promoter's stock. Stock issued one interested in the promotion of a company, for services rendered.
proprietary company. A controlling company.
protest waived. Without necessity of protest (to in-dorser).
proxy. A person authorized to represent another; also, the instrument granting such authority.
put. A contract by which one person, in consideration of money paid to another, acquires the privilege of selling or delivering to the latter within a certain time some designated article at a stipulated price.