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adjustable-rate preferred stock
ad·just·a·ble-rate pre·ferred stock


noun 
Definition:
 
stock with dividend tied to benchmark: preferred stock with a dividend that changes at set intervals in line with a given financial measure
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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