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Plain Vanilla Bond

A bond that does not carry any special features- i.e., it has no clauses granting conversion or warrant privileges. A...

Perp

A preferred stock that has no redemption date. In other words, this fixed-rate equity instrument allows the holder no participation...

Periodic Rate

The interest rate that results from converting the stated annual interest rate to a rate associated with a partial period....

PERLES

It stands for performance linked to equity securities; a synthetic security in which the payoff is based on the performance...

Perpetual Warrant

A warrant that never expires and therefore remains valid unless it is actually exercised. This warrant gives the holder the...

Percentage Premium

The difference between the bond’s price and its equity value or parity, expressed as a percentage: Premium = (convertible price-...

Performance Linked-To-Equity Securities

A synthetic security in which the payoff is based on the performance of an individual stock or an equity index....

Pure Play Security

The security of a company that has only one business line or product, and its value solely depends on the...

Pure Play Company

A company that has only one business line or product, and its value (or value of its stocks) solely depends...

Pure Play

The security of a company that has only one business line or product, and its value solely depends on the...