Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,625,112 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Trust Preferred Security

   Also found in: Acronyms, Wikipedia 0.01 sec.
Trust Preferred Security
A security that has every feature of a debt security except for the fact that it is not actually debt. That is, TruPS have fixed coupons, a maturity date when the holder receives the face value, and an early redemption option. However, the holder does not lend the issuer money when he/she purchases a TruPS. Some companies favor TruPS to bonds and preferred stock because they are taxed like bonds but may be included as assets (and not liabilities) on a balance sheet.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
No references found
 
s wholly owned subsidiary, Ozark Capital Statutory Trust IV, last week issued 15,000 trust preferred securities, liquidation amount of $1,000 per trust preferred security, for a cumulative price of $15 million.
Bank of the Ozarks issues securities by Arkansas Business
as Sponsor, The Bank of New York (as successor to The Chase Manhattan Bank), as Property Trustee, Chase Bank USA, National Association (as successor to Chase Manhattan Bank Delaware), as Delaware Trustee and the Regular Trustees named therein (or the successors thereto), the Trust Preferred Securities will be redeemed at the redemption price of $25 per Trust Preferred Security plus accrued and unpaid distributions, if any, to but excluding the date of redemption.
Merrill Lynch Preferred Capital Trust II Redeems 8% Trust Originated ... by Business Wire
NASDAQ: OZRK) (the "Company"), today announced that its wholly owned subsidiary, Ozark Capital Statutory Trust V (the "Trust"), on September 29, 2006 issued 20,000 trust preferred securities, liquidation amount of $1,000 per trust preferred security, for a cumulative purchase price of $20,000,000.
Bank of the Ozarks, Inc. Trust Preferred Securities by Business Wire
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.