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What does ARPS stand for?

ARPS stands for Auction Rate Preferred Stock

This definition appears very rarely and is found in the following Acronym Finder categories:

  • Business, finance, etc.

See other meanings of ARPS

Other Resources:
We have 19 other definitions for ARPS in our Acronym Attic

Samples in periodicals archive:

The Fund's interest income has been negatively impacted by the higher than normal credit defaults in the high yield market over the past four and a half years, the general decline in interest rates, which has reduced the rate at which the Fund is able to reinvest its assets, and the redemption of $26 million of Auction Rate Preferred Stock between June and October 2002 to maintain the required level of asset coverage.
According to Bloomberg, more than $150 billion of investment capital in ARS remained outstanding as of December, 2010: about $54 billion in auction rate preferred stock, $14 billion in auction rate corporate securities, $50 billion in auction rate municipal debt, and $40 billion of other securities backed by student loan ARS, mortgages and other assets.