Convertible Adjustable Preferred Stock - CAPS
- Convertible Adjustable Preferred Stock - CAPS
- A preferred, floating rate issue, whose interest rate is tied to Treasury security rates. They can be exchanged for common stock or cash after the next period's dividend rates are announced. The shares received upon conversion are equal in market value to the par value of the preferred.
The convertible feature is designed to protect the preferred investor's principal and provide greater liquidity in case the issuer's credit rating declines.
Investment dictionary.
Academic.
2012.
Look at other dictionaries:
convertible adjustable preferred stock — ( caps) The interest rate on caps is adjustable and is pegged to Treasury security rates. They can be exchanged at par value for common stock or cash after the next period s dividend rates are revealed. Bloomberg Financial Dictionary … Financial and business terms
CAPS — convertible adjustable preferred stock конвертируемые привилегированные акции с корректируемой ставкой дивиденда … Финансово-инвестиционный толковый словарь
CAPS — See: convertible adjustable preferred stock … Financial and business terms
Economic Affairs — ▪ 2006 Introduction In 2005 rising U.S. deficits, tight monetary policies, and higher oil prices triggered by hurricane damage in the Gulf of Mexico were moderating influences on the world economy and on U.S. stock markets, but some other… … Universalium
Volkswagen Beetle — This article is about the original Volkswagen Beetle. For the automobile introduced in 1998, see Volkswagen New Beetle. Volkswagen Type 1 Manufacturer Volkswagen Also called Beetle … Wikipedia
