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TeachMeFinance.com Adjustable Rate Preferred Stock (ARPS) -- Stock for which dividend is adjusted, usually every quarter, in accordance with movements in a money market rate. Also called Preferred Stock, floating rate or variable rate preferred. ARPS prices are more stable than those of fixed rate preferreds. See also Caps, Dutch Auction Preferred Stock, Mandatory Convertibles. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.