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 Matches

Redemption

Redemption

This is the right of the mortgagor to recover mortgaged property on repayment of the loan and any interest due. This legally means that once you as the borrower have finished repaying the mortgage you took out, the property is yours and the lender has no further claim on it. If you pay of the mortgage ahead of schedule you may face a redemption penalty which compensates the lender for loss of interest.


Redemption date

Redemption date

The actual date on which repayment of a bond or loan stock takes place.


Gross redemption yield

Gross redemption yield

See 'redemption yield'.


Redemption statement

Redemption statement

The outstanding amount to be repaid on an existing mortgage. Redundancy insurance Another form of income protection, but one that does not cover any form of sickness, injury or disability. The purpose of this type of policy is to replace income lost through a short to medium term period of redundancy. It provides you with a monthly tax-free income to cover a portion of your lost earnings. It is often sold in conjunction with the accident, sickness and disability element of income protection policies, in which case it is known as Accident, Sickness and Unemployment (ASU).


Redemption price

Redemption price

See: Call price


Further Suggestions

Redemption date
right of redemption
redemption
Right of redemption
Redemption charge
Mandatory redemption schedule
Redemption penalties
Redemption cushion
Redemption
redemption yield
Serial redemption
redemption price
Extended redemption penalty
Redemption penalty overhang
Redemption fee
Overhanging redemption penalty
Redemption Period
redemption fees
Redemption


 
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