principal exchange rate linked securities (PERLS)
Dollar-denominated debt, which has a varying principal depending on the current foreign exchange rate between a county and the United States at the time that the security matures. For example, if the security is obtained when the value is high on the dollar, the principal payment due at maturity may be reduced if the value on the dollar has decreased at the time of payment.
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Nearby Terms
prime rate
prime rate fund
principal
principal amount
principal balance
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principal risk
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prime rate fund
principal
principal amount
principal balance
principal exchange rate linked securities (PERLS)
principal risk
principal shareholder
principal trade
principal-agent relationship
principal-only strip







