Preferred equity redemption stock (PERC)

Preferred stock that converts automatically into equity at a stated date. A limit is placed on the value of the shares the investor receives. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • Preferred Equity Redemption Stock - PERC — Preferred stock with special provisions limiting the value of its convertible shares and the mandatory redemption value at maturity. PERCs generally offer a higher yield than common stocks. However, they can be called at any time, generally at a… …   Investment dictionary

  • preferred equity redemption stock — ( PERC) preferred stock that converts automatically into equity at a stated date. A limit is placed on the value of the shares the investor receives. Bloomberg Financial Dictionary …   Financial and business terms

  • PERC — See: preferred equity redemption stock …   Financial and business terms

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