ADJUSTABLE RATE PREFERRED (ARP) STOCK

Stock that has a floating dividend rate. It is paid quarterly and reset very three months. They do not mature but can be called if the issuer decideds to. They have a minimum and maximum allowable rate.

More On This Topic



Link to This Definition
Did you find this definition of ADJUSTABLE RATE PREFERRED (ARP) STOCK helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary