variable-rate preferred stock(redirected from Adjustable Rate Preferred Stocks)
Variable-Rate Preferred Stock
A preferred stock paying a dividend that varies from time to time. Usually, the dividend rate is based on an index or on the interest rate on a Treasury security. They may also be backed by mortgages or mortgage-backed securities.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
variable-rate preferred stock
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.