PREFERENCE EQUITY REDEMPTION CUMULATIVE STOCK - PERCS
A convertible preferred stock with an enhanced dividend that is limited in term and participation. Preference equity redemption cumulative stock (PERCS) shares can be converted for shares of common stock in the underlying company at maturity. If the underlying common shares are trading below the PERCS strike price, they will be exchanged at a rate of 1:1; but if the underlying commons are trading above the PERCS strike price, common shares are exchanged only up to the value of the strike price.
POPULAR TERMS
Tag-Along Rights
Investment agreement provision protecting a minority stakeholder, normally in a venture capital deal. If a majority shareholder sells his or her st ...
Fiduciary
An individual who is legally appointed to hold assets in trust for another person. He or she manages the assets for the other person’s benefi ...
Coincident Indicator
Metric showing the current status of economic activity within a certain area. Indicators include employment, average weekly hours worked in manufac ...
Jumbo Loan
A mortgage with a loan amount that exceeds the conforming loan limits fixed by the Office of Federal Housing Enterprise Oversight (OFHEO). The agen ...
Form 4
A document that needs to be filed with the SEC when there is a material change in the company insiders’ holdings. Directors and officers of t ...
POPULAR ARTICLE
SEE FOREX TUTORIAL
Principles of Trading: Leverage and Margin
All novice and seasoned traders need to befriend these two great tools to achieve success in trading: leverage and margin.
...
A Guide to Your Personal Income Tax: Essentials
In the United States, the progressive tax system is one of the most important yet misunderstood concepts of tax planning. Whenever people are asked ...
An Introduction to Insurance
Most people in the world own insurance. Insurance take a lot of forms such as medical insurance, automobile insurance, and the most common of them ...
Gauging Inflation
In the United States, the inflation rate was 0.2% through the 12 months ended July. In the United Kingdom, inflation was 0.1% in July.
Student Loans: Consolidating Federal Loans
If you find it difficult to monitor and pay the student loans on your own, and want to reduce your monthly payment and lengthen the repayment sched ...
ECONOMIC CALENDAR
| Time | Country | Indices | Period |
|---|---|---|---|
| 02:00 | Mid-Year Economic and Fiscal Outlook | ||
| 02:01 | Rightmove House Prices | Dec | |
| 04:00 | Fixed Asset Investment | Nov | |
| 04:00 | Industrial production | Nov | |
| 04:00 | Retail Sales | Nov | |
| 04:00 | Unemployment Rate | Nov | |
| 04:00 | NBS Press Conference | ||
| 06:30 | Tertiary Industry Index | Oct | |
| 09:00 | Wholesale Price Index | Nov |
