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Preferred equity redemption stock (PERC) |
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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.Preferred equity redemption stock (PERC) Similar MatchesRedemption penaltiesRedemption penaltiesCharges paid to the lender in compensation for lost interest if you redeem your mortgage ahead of schedule. During a discount period you will be severely penalised if you try to switch to another product or mortgage provider. Penalties can be stepped just like discounts, and can be particularly severe within the first year. This is to ensure that the costs that the lender endures in setting up the mortgage are always covered. Penalties can be a fixed sum of money, though are often proportion of the loan. With cashback mortgages, you often have to repay the amount of money you received as cashback. Gross redemption yieldGross redemption yieldSee 'redemption yield'. Redemption cushionRedemption cushionThe percentage by which the conversion value of a convertible security exceeds the redemption price (strike price). Redemption dateRedemption dateThe actual date on which repayment of a bond or loan stock takes place. Redemption priceRedemption priceThe price at which a bond or preferred stock can be redeemed by the issuer. Further SuggestionsExtended redemption penaltyRedemption Redemption penalty overhang Redemption fee right of redemption Redemption Period Mandatory redemption schedule Right of redemption Redemption charge Redemption date Redemption price Redemption redemption redemption fees Serial redemption Redemption Overhanging redemption penalty Redemption statement redemption yield |
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