new money preferred

New Money Preferred

Any preferred stock issued after October 1, 1942. A feature of new money preferred stocks is that corporations owning them may exclude 80% of dividends from taxation.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

new money preferred

Preferred stock issued after October 1, 1942. Corporate owners of new money preferred are permitted to exclude 80% of the stock dividends from taxation.
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.
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