Glossary
- Paasche index
- Par value
- Partial execution
- Participation certificates
- Pension fund
- Peoples share
- Performance evaluation
- Performance index
- Physical delivery (warrants)
- Placement
- Placement volume
- Pool factor
- Portfolio
- Practise
- Preferred shares
- Premium
- Premium (warrant)
- Premium Margin
- Price addendum
- Price category
- Price details
- Price index
- Price sensitivity
- Price-cashflow-ratio
- Price-earnings ratio
- Price-to-book-ratio
- Primary market
- Prime All Share
- Prime Standard
- Principle of highest volume transacted
- Private placement (PP)
- Proprietary trading
- Prospectus
- Put warrant
Participation certificates
Type of investment with a combination of share and bond-like features
These securities guarantee a share in the profit generated by the issuer, but they do not come with voting rights. For participation certificates, no general standards apply, neither stipulated by law nor by the rules of the stock exchanges themselves. Each feature can be adapted to the individual financing needs of the issuer.
Our glossary explains important financial terms and should not leave any questions unanswered. However, if you are missing a definition, please write to us at redaktion@deutsche-boerse.com. We will then include the term if possible.
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