Financial and business terms. 2012.
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. The New York Times Financial Glossary … Financial and business terms
Preference Equity Redemption Cumulative Stock - PERCS — A convertible preferred stock with an enhanced dividend that is limited in term and participation. Preference equity redemption cumulative stock (PERCS) shares can be converted for shares of common stock in the underlying company at maturity. If… … Investment dictionary
Preferred stock — Financial markets Public market Exchange Securities Bond market Fixed income Corporate bond Government bond Municipal bond … Wikipedia
stock — The goods and wares of a merchant or tradesman, kept for sale and traffic. In a larger sense, the capital of a merchant or other person, including his merchandise, money, and credits, or, in other words, the entire property employed in business.… … Black's law dictionary
Equity (finance) — For equity securities, see Stock. Accountancy Key concepts Accountant · Accounting period · Bookkeeping · Cash and accrual basis · Cash flow management … Wikipedia
equity — Justice administered according to fairness as contrasted with the strictly formulated rules of common law. It is based on a system of rules and principles which originated in England as an alternative to the harsh rules of common law and which… … Black's law dictionary
equity — Justice administered according to fairness as contrasted with the strictly formulated rules of common law. It is based on a system of rules and principles which originated in England as an alternative to the harsh rules of common law and which… … Black's law dictionary
redemption — Repayment of a debt security or preferred stock issue, at or before maturity, at par or at a premium price. Bloomberg Financial Dictionary The extinguishing of a debt through cash payment. Exchange Handbook Glossary … Financial and business terms
Trust-preferred security — A trust preferred security is a security possessing characteristics of both equity and debt issues. A company creates trust preferred securities by creating a trust and issuing debt to the new entity, while the trust issues the trust preferred… … Wikipedia
