QUIPS


Also found in: Dictionary, Thesaurus, Acronyms.

Quarterly Income Preferred Securities

Preferred stock representing a portion of ownership in a limited partnership. The limited partnership is a subsidiary of another company and exists only for the purpose of issuing the QUIPS. The proceeds from QUIPS are lent to the partnership's parent company. These securities thus combine aspects of stocks and bonds; they mature on a quarterly basis and usually have a par value of $25. Returns on MIPS come out of the partnership's pretax earnings, and, therefore, can result in tax advantages.

QUIPS

References in periodicals archive ?
Quip provides software for cooperating on documents, which competes with Google Docs and Microsoft Word.
Because only a portion of the QUIPS is being redeemed, the trustee will select the QUIPS to be redeemed in accordance with the rules of The Depository Trust & Clearing Corporation, and no action by holders of QUIPS is required to effect the redemption.
cration d~environ 27 coffrets doubles de distributions (chacun quip de 2 inverseurs de source bascules, 4 interrupteurs, 12 disjoncteurs modulaires, .
That quip segued to the subject of the Avalanche, specifically Vernon's slugfest with Patrick Roy.
Payment of the redemption price will be made to those holders of QUIPS being redeemed who are registered holders as of the record date, September 14, 2006.
Redeeming the QUIPS early allows us to further reduce our debt levels and will result in a significant savings in the long term.
Art Aragon, the original "Golden Boy," has an inexhaustible supply of quips.
com, where an online contest is encouraging visitors to send in quips for a chance to win a trip to a taping of Late Night with Conan O'Brien.
125 for each $50 of liquidation preference of QUIPs as to which the holder provides a consent.
30, 2004, upon surrender of the QUIPS at the offices of the property trustee, as follows:
Gavin Lewis, Head of Corporate Finance of MEPC Limited said "This program will enable us to continue purchasing QUIPS in the market from time to time, which we believe should be beneficial both to the company and to QUIPS investors.