Science / Weather / Ice Pellets: Precipitation in the form of transparent or translucent pellets of ice, which are round or irregular in shape. They have a diameter of 0.2 inches (5 mm) or less. They are classified into two types: hard grains of ice consisting of frozen rain drops or largely melted and refrozen snowflakes; pellets of snow encased in a thin layer of ice which have formed from the freezing of droplets intercepted by pellets or water resulting from the partial melting of pellets. It is reported as 'PE' in an observation and on the METAR.
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Business / Finance / Price Compression: The limitation of the price appreciation potential for a callable bond in a declining interest rate environment, based on the expectation that the bond will be redeemed at the call price. MORE
Business / Finance / Price Discovery Process: The process of determining the prices of assets in the marketplace through the interactions of buyers and sellers. MORE
Business / Accounting / Price Change Accounting: Accounting for the value of assets, stock, raw materials etc. by their current market value instead of the more traditional Historic Cost . MORE