variable-rate preferred stock(redirected from Variable Rate Preferred Stock)
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.
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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.