Business, Legal & Accounting Glossary
A form of a short-term debt security that has a yield that resets on a continuous basis through a Dutch auction. Auction rate securities are not easily attainable due to the minimal $25,000 that is required to purchase them. Corporate and municipal bonds are commonly issued in the form of auction rate securities.
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This glossary post was last updated: 19th November, 2021 | 0 Views.