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principal exchange rate linked securities (PERLS)
Definition
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 tenant
- principal
- principal amount
- principal balance
- principal broker
- principal exchange rate linked securities (PERLS)
- principal limit
- principal meridian
- principal paid over life of loan
- principal payments
- principal residence



