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The Finance Section Glossary

Currently viewing the definition of: PIBS


	PIBS stands for permanent interest bearing shares. PIBS are issued by building societies as a way of generating funds. PIBS pay a guaranteed, regular income, based on the rate prevailing at the time of purchase. Whilst the interest is fixed, the capital value of the shares can rise and fall. As the number of building societies have reduced over the past few years, so to has the number of PIBS available.

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