permanent interest bearing share
- permanent interest bearing share
A non-redeemable security, usually issued by a building society, that pays interest at a rate fixed at issue. This is often 10-13. 5%, giving investors a high yield for perpetuity. However, these shares carry the risks associated with fixed-interest securities, being the last to be paid out should an issuing building society go into liquidation. Moreover, the second-hand market for PIBS is small (approximately £800 million), making it difficult to find a buyer at any particular price.
Big dictionary of business and management.
2014.
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permanent interest bearing share — PIBS A non redeemable security, usually issued by a building society, that pays interest at a rate fixed at issue. This is often 10–13.5%, giving investors a high yield for perpetuity. However, these shares carry the risks associated with fixed… … Accounting dictionary
permanent interest-bearing share — /ˌpɜ:mənənt ˌintrəst ˌbeərɪŋ ʃeə/ noun a share issued by a building society to attract investment capital. Abbreviation PIBS … Dictionary of banking and finance
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PIBS — Abbreviation for permanent interest bearing share … Accounting dictionary
PIBS — Abbreviation for permanent interest bearing share … Big dictionary of business and management
PIB — abbreviation permanent interest bearing share … Dictionary of banking and finance
PIBS — (finance) abbrev Permanent interest bearing share … Useful english dictionary
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