/əˈdʒʌstəbəl-reɪt prɪˈfɜrd stɒk/ – Phrase
Definition: Loại cổ phiếu ưu đãi có lãi suất điều chỉnh.
A more thorough explanation: a type of a share on which dividends are paid before dividends on other ordinary shares are paid and the dividends issued will vary according to a benchmark, most often a US Treasury note rate
Example: Sundstrand Corporation, a leading defense and equipment manufacturer, privately placed $100 million adjustable-rate preferred stock.