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Investing Glossary:
Principal Exchange-Rated-Linked Securities (PERLS)
Copyright 2009,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
| Principal Exchange-Rated-Linked Securities (PERLS)
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| Definition: |
| 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.
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