Performance Index Paper (PIP)
A short-term paper on which the rate is denominated and paid in a base currency. However, the rate movement is based on the exchange rate with an alternate currency.

Investopedia Says:
This is a commercial-paper variation of the currency coupon swap.

Related Terms:
Commercial Paper
Currency Swap
Pip

• Constant Maturity
• Constant Maturity Swap (CMS)
• Constant Proportion Portfolio Insurance (CPPI)
• Constant Proportion Portfolio Insurance (CPPI)
• Construction Loan Note (CLN)
• Construction Spending
• Constructive Sale Rule - Section 1259
• Consumables
• Consumer Confidence Index (CCI)
• Consumer Confidence Index (CCI)
• Consumer Credit
• Consumer Cyclicals
• Consumer Internet Barometer
• Consumer Packaged Goods (CPG)
• Consumer Packaged Goods (CPG)
• Consumer Price Index (CPI)
• Consumer Price Index (CPI)
• Consumer Staples
• Consumer Surplus
• Consumption Capital Asset Pricing Model (CCAPM)
• Consumption Capital Asset Pricing Model (CCAPM)
• Consumption Function
• Contagion
• Contango
• Contestable Market Theory