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Trust for Income Participation from Stocks (TIPS)
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A synthetic PERCS structure renamed Package Equity Trust Securities (PETS) before issuance because of a name conflict with the Toronto Stock Exchange's index deposit receipt product. See Preference Equity Redemption Cumulative Stock (PERCS) (diagram), Short-Term Appreciation and Investment Return Trust (STAIR), Short-Term Equity Participation Units (STEP Units).
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