HomeDefinitionsCompareDebt Preferred equity redemption stock (PERC)The financial definition for 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. Similar MatchesMandatory redemption scheduleMandatory redemption scheduleSchedule according to which bond sinking fund payments must be made. RedemptionRedemptionRepayment of a debt security or preferred stock issue, at or before maturity, at par or at a premium price. Redemption chargeRedemption chargeThe commission a mutual fund charges an investor who is redeeming shares. For example, a 2% redemption charge (also called a back end load) on the sale of shares valued at $1000 will result in payment of $980 (or 98% of the value) to the investor. This charge may decline or be eliminated as shares are held for longer time periods. Further SuggestionsRedemption cushionRedemption date Redemption fee Redemption price Right of redemption Serial redemption Click to compare definitions of Preferred equity redemption stock (PERC) Click to view definitions beginning pr |