InvestorWords.com

stated rate auction preferred stock


Definition

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.


Related Videos




Search for another term


Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z