What Is Paga? Paga is a mobile payment platform that allows its users to transfer money electronically and make payments through their mobile devices. Paga acts as a mobile wallet where any user equipped with a mobile device can conduct transactional activities using their device. Paga was founded in Nigeria in 2009 by Tayo Oviosu
What Is Paid-Up Additional Insurance? Paid-up additional life insurance can be thought of as small chunks of whole life insurance purchased with dividends from a whole life policy. Each paid-up addition (PUA) has its own death benefit and cash value, and also earns dividends. This makes them an effective way to increase the cash value
What Is Paid-Up Capital? Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock. Paid-up capital is created when a company sells its shares on the primary market directly to investors, usually through an initial public offering (IPO). When shares are bought and sold among investors
What Is Painting the Tape? Painting the tape is a form of market manipulation whereby market players attempt to influence the price of a security by buying and selling it among themselves to create the appearance of substantial trading activity. The goal of painting the tape is to create the illusion of an increased interest in
What Is a Pairoff? A pairoff is a purchase and sale of open short and long positions, typically between brokerage firms, that offset with the difference settled in cash. Key Takeaways A pairoff is a purchase and sale of open short and long positions, typically between brokerage firms, that offset with the difference settled in
What Is a Pairs Trade? A pairs trade is a trading strategy that involves matching a long position with a short position in two stocks with a high correlation. Understanding Pairs Trade Pairs trading was first introduced in the mid-1980s by a group of technical analyst researchers that were employed by Morgan Stanley, the multinational
What Is Palladium? Palladium is a shiny, silvery metal used in many types of manufacturing processes, particularly for electronics and industrial products. It can also be used in dentistry, medicine, chemical applications, jewelry, and groundwater treatment. The majority of the world’s supply of this rare metal, which has the atomic number 46 on the periodic table
What Are the Panama Papers? The Panama Papers refer to the 11.5 million leaked encrypted confidential documents that were the property of Panama-based law firm Mossack Fonseca. The documents were released on April 3, 2016, by the German newspaper Süddeutsche Zeitung (SZ), dubbing them the “Panama Papers.” The document exposed the network of more than 214,000 tax havens involving people
What Is Panic Selling? Panic selling is a widespread selloff of a stock, a sector, or an entire market due to fear, rumor, or overreaction rather than reasoned analysis. Often, panic selling is due to an outside event that is interpreted as a negative signal. This fear causes some investors to overreact and sell. The
What Is an Overcontribution? The term overcontribution refers to any amount that a taxpayer contributes to a tax-deductible retirement plan that exceeds the maximum allowable contribution for a given period. Contribution limits are determined and regularly adjusted by a retirement plan’s registrar or the Internal Revenue Service (IRS). Overcontributing to your retirement plan can trigger
