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.
EXPENDABLE is something that can be used and discarded without hurting the end product or the companys viability.
TIC/EBIT is one of the earnings multiples ratios used in determining company value.
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