QUIPS

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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 classic literature ?
So, as I have told you, he placed Robin by his side, and he made much of him and laughed boisterously at his jests; though sooth to say, the laugh were come by easily, for Robin had never been in merrier mood, and his quips and jests soon put the whole table at a roar.
All the old jests and quips that must have done duty at weddings since Eden were served up, and seemed as new and brilliant and mirth-provoking as if they had never been uttered before.
The same Signor Jupe was to 'enliven the varied performances at frequent intervals with his chaste Shaksperean quips and retorts.