Auction Market Preferred Stock (AMPS)

 

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Auction Market Preferred Stock (AMPS)

A type of Dutch Auction Preferred Stock (A Merrill Lynch product).



Auction Market Preferred Stock (AMPS)

Similar Matches

Convertible preferred stock

Convertible preferred stock

Preferred stock that can be converted into common stock at the option of the holder. See also: participating convertible preferred stock.


Preferred stock

Preferred stock

A security that shows ownership in a corporation and gives the holder a claim, prior to the claim of common stockholders, on earnings and also generally on assets in the event of liquidation. Most preferred stock pays a fixed dividend that is paid prior to the common stock dividend, stated in a dollar amount or as a percentage of par value. This stock does not usually carry voting rights. Preferred stock has characteristics of both common stock and debt.


Preferred habitat theory

Preferred habitat theory

A biased expectations theory that believes the term structure reflects the expectation of the future path of interest rates as well as risk premium. The theory rejects the assertion that the risk premium must rise uniformly with maturity, but instead profits that to the extent that the demand for and supply of funds do not match for a given maturity range, some participants will shift to maturities showing the opposite imbalances, as long as they are compensated by an appropriate risk premium whose magnitude will reflect the extent of aversion to either price or reinvestment risk.


Cumulative preferred stock

Cumulative preferred stock

Preferred stock whose dividends accrue, should the issuer not make timely dividend payments. Related: Non-cumulative preferred stock.


Depository preferred

Depository preferred

Device enabling an issuer to circumvent an arbitrary corporate limit on the number of preferred shares issuable. Applies mainly to convertible securities.


Further Suggestions

Floating rate preferred
Prior preferred stock
Auction rate preferred stock (ARPS)
Second preferred stock
Participating preferred stock
participating preferred stock
First preferred stock
adjustable rate preferred stock
Preferred equity redemption stock (PERC)
Adjustable rate preferred stock (ARPS)
Dutch Auction Preferred Stock
Preferred stock ratio
Blank Check Preferred Stock
Preferred dividend coverage
cumulative preferred stock
Monthly income preferred security (MIP)
preferred stock
Preferred stock agreement


 
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