Welcome to the Financial Times Lexicon

Browse thousands of words and phrases selected by Financial Times editors and suggest new terms for the glossary.

Entries starting with P

PIn Britain, the letter that is combined with a number to refer to different documents used by the Inland revenue. For example, a P60 is a...
P&LWritten abbreviation for profit & loss.
P/EPE ratio, P/E ratio or PER for short.  A company's share price divided by its earnings per share (EPS), expressed as a number or as a...
P/E multipleNo definition or related terms available.
P/E ratioSee price/earnings ratio.
P/E ratio (PER)No definition or related terms available.
P45In Britain, an official document given to a person when they leave their job, showing how much money they have earned, and how much tax and...
PAAbbreviation for personal assistantWritten abbreviation for per annum.
pacIn the US, a political action committee (pac) is an organised group that raises money in order to support or defeat a candidate or issue in...
Pac-man defence strategyWhen the target company of a hostile takeover bid defends itself by attempting to take over the potential acquirer. Named after the Pac-man...
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