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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

Restricted account

A margin account without enough equity to meet the initial margin requirement that is restricted from any purchases until the requirement is fulfilled.

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