abbr.
| Dictionary: P2 |
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| Investment Dictionary: P |
A Nasdaq stock symbol specifying that it is the company's first class of preferred shares.
Investopedia Says:
Nasdaq-listed securities have four or five characters. If a fifth letter appears, it indicates that the issue is other than a single issue of common or capital stock.
Related Links:
We explain the meaning and use of that reel of symbols whizzing across your TV or computer screen. Understanding The Ticker Tape
Learn some of the important differences in the way they operate and the securities that trade on them. The Tale Of Two Exchanges: NYSE And Nasdaq
| Banking Dictionary: P* |
Indicator of the long-term Inflation rate in the economy. The P* (pronounced P star) number tracks the growth of M2, a Money Supply measure, as modified by the Velocity of Money. If P* exceeds P (expected future prices), the Federal Reserve can be expected to tighten bank credit and interest rates, causing the economy to grow at a slower rate. When P* is less than P, the Federal Reserve can ease its credit policies, allowing bank credit and the money supply to grow at a faster rate.
The P* formula is:
P* = M2 • V* / Q*
where M2 is an official measure of the money supply (checks plus checkable deposits, savings, and time deposit accounts), V* is the velocity of M2, or the number of times that money turns over, and Q* is the estimated value of Gross National Product in the future, assuming the economy grows at 2.5% a year.
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