HomeDefinitionsCompareDebt Principal Exchange Rated Linked Securities (PERLS)The financial definition for Principal Exchange Rated Linked Securities (PERLS):A debt instrument with its principal and interest denominated in U.S. dollars, but with principal repayment depending on the exchange rate of the U.S. dollar against a foreign currency. Similar MatchesAgency securitiesAgency securitiesSecurities issued by federally related institutions and U.S. government-sponsored entities. Such agencies were created to reduce borrowing costs for certain sectors of the economy, such as agriculture. Book entry securitiesBook entry securitiesSystem in which securities are not represented by paper securities but are maintained in computerized records at the securities in the names of member banks, which in turn keep computer records of the securities they own as well as those they are holding for customers. In the case of other securities where a securities has developed, certificates reside in a central securities or by another securities. These securities do not move from holder to holder. Certificate of Accrual on Treasury Securities (CATS)Certificate of Accrual on Treasury Securities (CATS)Refers to a zero-coupon US Treasury issue that is sold at a deep discount from the face value and pays no coupon interest during its lifetime, but returns the full face value at maturity. Further SuggestionsCommercial Mortgage Backed SecuritiesCommittee on Uniform Securities Identification Procedures (CUSIP) Debt securities Discount securities Distressed securities European Association of Securities Dealers Automated Quotation (EASDAQ) Exempt securities Click to compare definitions of Principal Exchange Rated Linked Securities (PERLS) Click to view definitions beginning pr |