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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Auction Market Preferred Stock - AMPS


Think: Drunken Dutch Auction. In AMPS, an auctioneer resets the preferred's dividend about every 7 weeks. AMPS are useful for large investors managing through inflation, among other forces that favor adjustable interest/ dividend payouts (i.e. where liquidity needs change often).