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