What Is a Property Manager? A property manager is an individual or company that is hired to oversee the day-to-day operations of a unit of real estate. Property owners and real estate investors typically hire property managers when they are unwilling or unable to manage the properties themselves. The cost of employing a property manager
What Is Property Tax? Property tax is a tax paid on property owned by an individual or other legal entity, such as a corporation. Most commonly, property tax is a real estate ad-valorem tax, which can be considered a regressive tax. It is calculated by a local government where the property is located and paid by
What Is Prophet’s Reputation Management Index? Prophet’s Reputation Management Index (RPMI) was an index created by strategic brand and marketing consultancy Prophet, Inc. that measured corporate reputation. Businesses that scored 75 or more on the index qualified as reputation leaders, while those scoring under 50 received a failing grade in terms of reputation management. The
What Is Proportional Consolidation? Proportional consolidation was a former method of accounting for joint ventures under the International Financial Reporting Standards (IFRS) that was abolished by the International Accounting Standards Board (IASB) on Jan. 1, 2013. It was a method of including income, expenses, assets, and liabilities in proportion to a firm’s percentage of participation
What Is a Proportional Tax? A proportional tax is an income tax system that levies the same percentage tax to everyone regardless of income. A proportional tax is the same for low, middle, and high-income taxpayers. Proportional taxes are sometimes referred to as flat taxes. In contrast, a progressive tax or marginal tax system adjusts tax
What Is a Proprietary Reverse Mortgage? A proprietary reverse mortgage is a loan that allows senior homeowners to access the equity in their homes through a private lender. They are not as tightly regulated as home equity conversion mortgages (HECMs) and are not federally insured. Proprietary reverse mortgages make up only a small segment of the
What is Proprietary Trading? Proprietary trading refers to a financial firm or commercial bank that invests for direct market gain rather than earning commission dollars by trading on behalf of clients. Also known as “prop trading,” this type of trading activity occurs when a financial firm chooses to profit from market activities rather than thin-margin
What Is Pro Rata? Pro rata is a Latin term used to describe a proportionate allocation. It essentially translates to “in proportion,” which means a process where whatever is being allocated will be distributed in equal portions. If something is given out to people on a pro rata basis, it means assigning an amount to
What Is a Pro-Rata Tranche? A pro-rata tranche is a portion of a syndicated loan that is comprised of two features: a revolving credit facility, and an amortizing term loan. Pro-rata tranches are common within the leveraged loan market or in loans to companies with existing high debt loads. Within the pro-rata tranche, the revolving
What Is ProShares? ProShares, a division of ProFunds, manages various investment funds and has combined assets under management of over $60 billion. This makes it a small investment company compared to giant managers that have trillions in assets under management (AUM). Nonetheless, ProShares offers unique funds that track various indices and asset classes. The company has dozens
