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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 MatchesRedemptionRedemptionThis 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 dateRedemption dateThe actual date on which repayment of a bond or loan stock takes place. Gross redemption yieldGross redemption yieldSee 'redemption yield'. Redemption statementRedemption statementThe 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 priceRedemption priceSee: Call price Further SuggestionsRedemption dateright 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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