Preferred Redeemable Increased Dividend Equity Security

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Preferred Redeemable Increased Dividend Equity Security

A forward contract to buy a certain security and an interest-bearing deposit at a certain time for a certain price. PRIDES operate much like mandatory convertible bonds, but have different structures. PRIDES allow an investor to receive the interest on the deposit at regular intervals and also take advantage of the underlying security when the forward contract matures. Whoever holds the PRIDES at maturity must purchase the underlying security. They were introduced by Merrill Lynch.
References in classic literature ?
I will call on you, sir, since you bid me contemplate, for the advantage of my pride, this terrible spectacle, which must have been so great a source of sorrow to your family.
Vanity a pride are different things, though the words are often used synonymously.
The people raved against the Lady Eleanore, and cried out that her pride and scorn had evoked a fiend, and that, between them both, this monstrous evil had been born.
Know thou the secret of a spirit Bow'd from its wild pride into shame.
I suppose" (smiling) "I have more pride than any of you; but I confess it does vex me, that we should be so solicitous to have the relationship acknowledged, which we may be very sure is a matter of perfect indifference to them.
I know no harm of him; I do not suspect him of pride.
I exulted to have Thackeray attack the aristocrats, and expose their wicked pride and meanness, and I never noticed that he did not propose to do away with aristocracy, which is and must always be just what it has been, and which cannot be changed while it exists at all.
The Ass, thinking that they bowed their heads in token of respect for himself, bristled up with pride, gave himself airs, and refused to move another step.
Very tired," replied Pride, seating himself on a stone by the wayside and mopping his steaming brow.
And so we loved and were happy; and I forgave him his materialism because of his tremendous work in the world, performed without thought of soul-gain thereby, and because of his so exceeding modesty of spirit that prevented him from having pride and regal consciousness of himself and his soul.
Pride of race, pride of caste, pride of sex, pride of power--she had it all, a pride strange and wilful and terrible.
Why, I don't believe now,' added Tim, taking off his spectacles, and smiling as with gentle pride, 'that there's such a place in all the world for coincidences as London is