adjustable-rate preferred stock

noun

  • Banking and Finance
  • US Law

Definitions of adjustable-rate preferred stock

  • a type of a share on which dividends are paid before dividends on other ordinary shares are paid and the dividends issued will vary according to a benchmark, most often a US Treasury note rate

    Sundstrand Corporation, a leading defense and equipment manufacturer, privately placed $100 million adjustable-rate preferred stock.

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Abbreviations of adjustable-rate preferred stock

Phrase Bank for adjustable-rate preferred stock