MIP

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MIP

MIP

1. Monthly income plan. An investment vehicle, especially for retired persons, that makes equal disbursements each month. This allows the receiver to budget one's retirement more carefully; that is, rather than spending all of one's retirement income at once, an MIP only allows the receiver a certain amount each month. See also: Annuity.

2. Monthly income preferred security. A preferred stock issued by a company's subsidiary in a tax haven. The subsidiary sells these preferred stocks and then lends the money to the parent. This allows the parent to avoid or evade taxes on the money raised in that round of financing.