Proxy Fight

A proxy fight (also called a proxy battle or proxy contest) is when a dissident group of shareholders attempts to gather enough shareholder votes—proxies—to…

Proxy

A proxy is (1) an agent legally authorized to act on behalf of another person, and (2) the mechanism that lets a shareholder vote…

Proxy Vote

A proxy vote is a ballot cast by one person (the proxy) on behalf of a shareholder who cannot or chooses not to attend…

Contract Provision

What Is a Contract Provision? A contract provision is a specific stipulation, requirement, condition, or term written into a contract, statute, charter, loan document,…

Provision For Credit Losses Mean

Key takeaway – The provision for credit losses (PCL), often called allowance for credit/ doubtful accounts, is a contra‑asset that reflects expected uncollectible amounts…

Provident Fund

• A provident fund is a government‑managed retirement savings program common in parts of Asia and Africa that combines mandatory employee and employer contributions…

Protectionism

Protectionism refers to government policies designed to restrict or regulate international trade with the aim of protecting domestic industries, jobs, and national interests. Protectionist…

Prospectus

A prospectus is a formal, written disclosure document that describes an offering of securities (for example, stocks, bonds, or mutual fund shares). It is…

Proration

Key takeaways – Proration is a proportional allocation method used when demand for a corporate action (cash or stock in a deal, dividend, or…

Proprietary Trading

Key takeaways – Proprietary trading (prop trading) is when a firm trades financial instruments using its own capital, aiming to capture 100% of the…