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Glossary   >   P   >   "Preferred equity redemption stock (PERC)" Definition            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. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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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.