What Is a Plan Administrator? A plan administrator is a person or company responsible for managing a retirement fund or a pension plan on behalf of its participants and beneficiaries. The plan administrator is tasked with ensuring the funds are properly collected and distributed to all qualified participants. In terms of fiduciary duty, the plan
What Is a Public Limited Company (PLC)? A public limited company (PLC) is a public company in the United Kingdom. PLC is the equivalent of a U.S. publicly traded company that carries the Inc. or corporation designation. The use of the PLC abbreviation after the name of a company is mandatory and communicates to investors
What Is a Pledged Asset? A pledged asset is a valuable possession that is transferred to a lender to secure a debt or loan. A pledged asset is collateral held by a lender in return for lending funds. Pledged assets can reduce the down payment that is typically required for a loan as well as reduces
What is Pledging Requirement? Pledging Requirement refers to a legal, or bureaucratic, stipulation that marketable and actively traded securities be pledged as collateral for public fund, or other specific, deposits. Key Takeaways Pledging Requirement refers to a legal, or bureaucratic, stipulation that marketable and actively traded securities be pledged as collateral for public fund, or
What is the Plowback Ratio? The plowback ratio is a fundamental analysis ratio that measures how much earnings are retained after dividends are paid out. It is most often referred to as the retention ratio. The opposite metric, measuring how much in dividends are paid out as a percentage of earnings, is known as the payout ratio.
What Is a Private Letter Ruling (PLR)? A private letter ruling (PLR) is a written decision by the Internal Revenue Service (IRS) that is sent in response to a taxpayer’s request for guidance on unusual circumstances or complex questions about their specific tax situation. For certain transactions involving large amounts of money, the tax law
What Is a Profit and Loss (P&L) Statement? Profit and loss (P&L) statement refers to a financial statement that summarizes the revenues, costs, and expenses incurred during a specified period, usually a quarter or fiscal year. These records provide information about a company’s ability or inability to generate profit by increasing revenue, reducing costs, or both. P&L
What Is the Plunge Protection Team? The “Plunge Protection Team” (PPT) is a colloquial name given to the Working Group on Financial Markets. Created in 1988 to provide financial and economic recommendations to the U.S. President during turbulent market times, this group is headed by the Secretary of the Treasury; other members include the Chair of
What Is a PLUS Loan? A PLUS loan, also known as a direct PLUS loan, is a federal loan for higher education available to the parents of undergraduate students, in addition to graduate or professional students. PLUS stands for Parent Loan for Undergraduate Students. Like federal student loans, PLUS loans are offered through the U.S.
What Is a Plus Tick? In the context of securities pricing, a completed trade that results in a price movement is said to make a tick up or a tick down, respectively. A plus tick is another way of referring to an upward change in the price of a security. The reference point for the
