Preferred equity redemption stock (PERC)

Definition:

Preferred stock that converts automatically into equity at a stated date. A limit is placed on the value of the shares the investor receives.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Comissão do Mercado de Valores Mobiliários (CMVM)

Portugal's supervisory authority for the Portugese financial markets. Portugal's financial regulator.

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