What Are Public-Private Partnerships? Public-private partnerships involve collaboration between a government agency and a private-sector company that can be used to finance, build, and operate projects, such as public transportation networks, parks, and convention centers. Financing a project through a public-private partnership can allow a project to be completed sooner or make it a possibility
What Is Public Relations (PR)? Public relations (PR) is the set of techniques and strategies related to managing how information about an individual or company is disseminated to the public, and especially the media. Its primary goals are to disseminate important company news or events, maintain a brand image, and put a positive spin on
What is a Pullback? A pullback is a pause or moderate drop in a stock or commodities pricing chart from recent peaks that occur within a continuing uptrend. A pullback is very similar to retracement or consolidation, and the terms are sometimes used interchangeably. The term pullback is usually applied to pricing drops that are relatively short
What Is Pull-Through Production? Pull-through production is a just-in-time (JIT) manufacturing strategy that sends an item into the production process at the point when a company receives an order for it. Pull-through production utilizes a pull system, a method for controlling the flow of resources through a system. Resources are pulled into the production pipeline only as they
What Are Punitive Damages? Punitive damages are the payment that a defendant found guilty of committing a wrong or offense is ordered to pay on top of compensatory damages. They are awarded when compensatory damages—the money given to the injured party—are deemed to be insufficient. Punitive damages go beyond compensating the aggrieved party. They are
What Is Purchase and Assumption? Purchase and assumption is a transaction in which a healthy bank or thrift purchases assets and assumes liabilities (including all insured deposits) from an unhealthy bank or thrift. It is the most common and preferred method used by the Federal Deposit Insurance Corporation (FDIC) to deal with failing banks. Insured
What Is a Purchase Annual Percentage Rate (APR)? A purchase annual percentage rate (APR) is the interest rate that you are charged on purchases when you have a balance on your credit card. The APR on a credit card is an annualized percentage rate that is applied monthly. If the advertised APR on a credit
What Is a Purchase Fund? A purchase fund is a feature of some bond indentures and preferred stock that requires the issuer to make an effort to purchase a specified amount of securities if they fall below a stipulated price (usually par value). Par value is a term that often describes a bond, but can
What Is a Purchase-Money Mortgage? A purchase-money mortgage is a mortgage issued to the borrower by the seller of a home as part of the purchase transaction. Also known as a seller or owner financing, this is usually done in situations where the buyer cannot qualify for a mortgage through traditional lending channels. A purchase-money
What Is a Purchase Money Security Interest (PMSI)? The term purchase money security interest (PMSI) refers to a legal claim that allows a lender to either repossess property financed with its loan or to demand repayment in cash if the borrower defaults. It gives the lender priority over claims made by other creditors. In simpler
