Meaning adjustable rate preferred stock
What does adjustable rate preferred stock mean? Here you find 2 meanings of the word adjustable rate preferred stock. You can also add a definition of adjustable rate preferred stock yourself
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adjustable rate preferred stockDefinition Preferred stock whose dividend changes, usually quarterly, according to changes in the Treasury Bill rate or a similar benchmark. The changes in the dividend are determined by a pre-set for [..]
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adjustable rate preferred stockAdjustable rate preferred stock is a type of preferred stock where the dividend changes, usually quarterly, according to changes in the Treasury bill rate or a similar benchmark. The value of the divi [..]
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