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Trust-preferred security
Summary
- A Trust preferred security is a security possessing characteristics of both equity and debt issues. A company creates trust-preferred securities by creating a trust and issuing debt to the new entity, while the trust issues the trust preferred securities.
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| | Soundex: T623 ( T623 P616 S263 )
Metaphone: TRSTPRFRTSKRT
Reference
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* This page is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Trust-preferred security".
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