AMPS Definition | Business Dictionaries from AllBusiness.com
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Business Definition for: AMPS
AMPS

acronym for Auction Market Preferred Stock, Merrill Lynch's answer to Salomon Brothers' DARTS and First Boston's STARS. These and other proprietary products are types of dutch auction preferred stock . Since the auctions take place every 49 days, the shares meet the 46-day holding period required for the 70% dividend exclusion allowed corporations under the tax code.

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