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Wealth Management Glossary

Par Value Passive Activity Payable Date Per Capita Per Stirpes Personal Property Personal Representative Physical Certificate Portfolio Power Power Of Appointment Power Of Attorney Precatory Words Preferred Stock Prime Rate Principal Principal Portfolio Probate Court Probate Of Will/Probate Prospectus Proxy Prudent Investor Rule

Per Stirpes A term used in the distribution of property. Two or more children of the same parent take per stirpes when together they take what the parent would have taken, if living. Also known as "taking by the right of representation."

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