STRAPS. A type of preferred stock with an initial dividend rate fixed for a several years. After the initial period of time passes the dividend rate is reset by Dutch auction every forty-nine days. It is a type of floating-rate investment.
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Definition of stated rate auction preferred stock: STRAPS. A type of preferred stock with an initial dividend rate fixed for a several years. After the initial period of ...
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adjustable rate preferred stock · callable preferred stock · stated rate auction preferred stock · first preferred stock · convertible auction rate preferred stock ...
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Stands for Cumulative Auction Market Preferred Stocks, Oppenheimer & Company's Dutch Auction preferred stock product.
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called "DARTS," Stated Rate Auction Preferred Stock or "STRAPS" and many more. After the initial subscription offering of this type of security the market is ...
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Forward rate agreements. Adjustable rate preferred stock. Auction rate preferred stock. Indexed floating rate preferred stock. Stated rate auction preferred stock ...