PERQS


Also found in: Acronyms.

PERQS

Debt securities, issued by Morgan Stanley, with a maturity value linked to the value of the underlying stock to which the security is linked. PERQS are convertible into the underlying stock, and pay fixed quarterly interest rates (the dollar value of which depends on the value of the underlying). Unlike some other debt securities, they are not redeemable early.
References in periodicals archive ?
We will define private benefits realized by the management to include "perqs" referred to by Jensen and Meckling (1977).
The company also eliminated management perqs that were different from what other employees received.
It's June 1 debut party will be held as a Facebook event where participants can win Siren School perqs.
On a scale of 1 to 5, how important are the various perqs she now prizes?
Taking away perqs is tough in showbiz, because so many of them are mandated by contracts and guild agreements.