Second-preferred stock

Definition:

Preferred stock issue that has less priority in claiming dividends and assets in liquidation than another issue of preferred stock.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Trade on top of

Trade at a narrow speed or no spread in basis points relative to some other bond yield, usually Treasury bonds.

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