Super Finance Glossary
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Searched for Convertible adjustable preferred stock
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Convertible Adjustable Preferred Stock (Caps)
Definition: 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.
Definition: 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.
