adjustable rate preferred stock Definition | Business Dictionaries from AllBusiness.com

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Business Definition for: adjustable rate preferred stock

adjustable rate preferred stock

cumulative preferred stock with dividends paid and adjusted quarterly. Adjustable rate issues have no maturity date, but may be called at the option of the issuer. Shareholder dividends are nonaccruing, and are paid on scheduled dividend dates.

preferred stock
money market preferred stock

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