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Banking

Floating-Rate Preferred Stock

A preferred stock whose dividend is readjusted at specified periods based, for example, on the maximum of a set of...

Auction Rate Preferred Stock

A type of floating-rate preferred stock whose dividend payments are determined at periodic auctions carried out by the issuer rather...

Money Market Preferred Stock

A type of floating-rate preferred stock whose dividend payments are determined at periodic auctions carried out by the issuer rather...

Mid Swap

The reference rate which is used to calculate the premium that a bond buyer will pay. Adding a spread to...