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

PERCENTAGE DESIGN, in construction, is the percentage expended for design and construction management services in proportion to total construction.

C&C can mean: Cash and Carry or Collection & Classification.

Suggest a Term

Enter Search Term

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