Preferred equity redemption stock

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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Preferred Equity Redemption Stock

A convertible preferred stock that automatically converts to common stock or cash on a certain date. PERCs have higher, guaranteed returns than common stock; however, the issuer reserves the right to exchange them for common stock at any time.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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He also made tour to the center's departments and sections and has been familiarized with level of the PERCs technical equipment as well as with the department of electronic voting at the center.
In order to study the PERCs with dot and line openings in commercial processes, each wafer was divided into nine areas.
IBM was awarded a $53.3m contract to fund research into a future Power-based supercomputer called PERCS, which is short for Productive, Easy-to-use, Reliable Computing System.
Percs. London: The Economist Newspapers, Ltd., January 11th.
InformationWeek lauded C Spire's Information Technology for its work on PERCS, a consumer engagement-based rewards and loyalty program, In last year's listing InformationWeek recognized the Ridgeland-based wireless provider for development of a web-based customer relationship management system and middleware to support personalized sales and services.
In 1988, Morgan Stanley created Preferred Equity Redemption Cumulative Stock (PERCS), which is similar to primes.
"But when I did Percs, that made me feel better instantly.
* PERCS: a consumer engagement based program that rewards customers for personalizing their wireless experience.
Simply answer the questions at the end of the articles and send with payment as directed to PERCS. Please go to for details on how to receive CE credit for reading BAT journal articles, or email Michael Weinberg at for details.
A second area in which research effort lags practical developments is the proliferation of corporate security types, such as LYONS, PERCS, and ELKS.