Reference Entry

stepped preference share

Edited by Jonathan Law and John Smullen

in A Dictionary of Finance and Banking

Fourth edition

Published in print January 2008 | ISBN: 9780199229741
Published online January 2008 | e-ISBN: 9780191726668
stepped preference share

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A preference share that earns a predetermined income, which rises steadily by a set amount each year to the winding-up

Reference Entry.  31 words. 

Subjects: financial institutions and services

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