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Personal Finance Glossary

P/E Passive Management Pay Date Payee Payee Account Number Payment Protection Percent Change Percent Profit Period Certain Payout Periodic Rate Points Policy Owner Policy Year Preferred Risk Preferred Shares Premium Premium Tax Prepaid Tuition Plan Prepayment Penalty Prequalification Previous Price-to-Earnings Ratio (P/E) Primary Beneficiary Prime Rate Principal Private Mortgage Insurance (PMI) Probate Proceeds Prospectus Put Option

Put Option † This security gives investors the right to sell fixed number of shares at a fixed price within a given time frame. An investor, for example, might wish to have the right to sell shares of a stock at a certain price by a certain time in order to protect, or hedge, an existing investment. † ©CBS MarketWatch

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