opening bell	the beginning of a day of trading on a market
opening price	a price for a security at the beginning of a trading day
overdraw	withdraw more money from a bank account than it contains
overdraft	withdrawal of more money from a bank account than it contains
paper money	banknotes
Parquet	Paris Bourse
pawnbroker	a person who lends money against a security, e.g. jewellery, cars etc.
Pay As You Earn (PAYE)	Pay As You Earn (PAYE)
payroll	a list of employees who receive salary or wages, together with the amounts due to each
payslip	a document given to employees when they are paid
penny shares	very low-priced stock that is a speculative investment
per capita income	the average income of each of a particular group of people, e.g. citizens of a country
personal identification number	(PIN)
petty cash	a small amount of money used for minor business expenses
Petty Cash account	a record of small cash payments for minor business expenses
pensions	money received regularly after retirement
poison pill	a measure taken by a company to avoid a hostile takeover
price instability	a situation in which the prices alter daily
principal	the original amount of a loan not including interest
private company	a company which has not been registered as a public company
problem child	a subsidiary company that is not performing well
parent company	a company with one or more subsidiary undertakings
proceeds	an income from a transaction
profit and loss account	the summary record of a company's sales revenues and expenses over a period
profiteer	an individual who aims to make excessive profits disregarding others
profit motive	a desire of a business to make profit
pro forma invoice	an invoice sent to the purchaser in advance of goods
projection	an expected future trend
Protectionism	a government economic policy of restricting the level of imports
protective tariffs	a tariff imposed to restrict imports
public debt	the money that the government owes
public limited companies	quoted companies with shares listed on the stock exchange
pump-priming	the injection of further investment in order to revitalise a company in stagnation
quoted companies	companies listed on a stock exchange
rating agency	an organisation which gives a rating to companies issuing bonds
Reaganomics	the economic policy of US President Ronald Reagan
receivership	a state of insolvency prior to liquidation
recession	a slowdown in the business cycle
recovery	the return to economic health after a depression
Red tape	excessive bureaucracy
refinancing	the process of taking out a loan to pay off other loans
Reserve Bank	a bank such as a US Federal Reserve that holds the reserves of other banks
Retail banking	services provided by commercial banks to individuals
revenue	the income generated by a product or service
revolving credit	a credit facility which allows the borrower to borrow or repay debt as required
rigged market	a market where two or more parties are buying and selling securities among themselves to give the im
risk capital	money used to finance new companies
ROI	return on investment
rogue trader	a dealer in stocks and shares who uses illegal methods to make profits
royalties	a proportion of the income from the sales of a product to its creator or owner, e.g. a land owner, i
public offering	a method of raising money used by a company by which it invites the public to apply for shares