Meaning auction rate security
What does auction rate security mean? Here you find 2 meanings of the word auction rate security. You can also add a definition of auction rate security yourself
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auction rate securityA type of long-term bond, issued by a corporation or a municipality. ARSs differ from traditional bonds in one crucial respect: rather than paying a fixed rate of interest for a long time (e.g., a m [..]
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auction rate securityA long term bond, (10 to 30 years), that offers a short term interest rate, (monthly). The investor can sell the bond back to the issuer on each interest rate refixing. They are issued in the Municipa [..]
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