ADJUSTABLE RATE PREFERRED Definition

Bookmark and Share

ADJUSTABLE RATE PREFERRED (ARP) is preferred stock issues in which dividends are reset quarterly either at a fixed spread or at a percentage of the highest of three benchmarks on the yield curve. Also known as floating­-rate preferreds.

Learn new Accounting Terms

BILL OF EXCHANGE see DRAFT.

ADEA is Age Discrimination in Employment Act of 1967.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.