HomeDefinitionsCompareDebt Blank Check Preferred StockThe financial definition for Blank Check Preferred Stock:This is stock over which the board of directors has broad authority to determine voting, dividend, conversion, and other rights. While it can be used to enable a company to meet changing financial needs, its most important use is to implement poison pills or to prevent takeover by placement of this stock with friendly investors. Similar MatchesAdjustable rate preferred stock (ARPS)Adjustable rate preferred stock (ARPS)Publicly traded issues that may be collateralized by mortgages and MBS Auction Market Preferred Stock (AMPS)Auction Market Preferred Stock (AMPS)A type of Dutch Auction Preferred Stock (A Merrill Lynch product). Auction rate preferred stock (ARPS)Auction rate preferred stock (ARPS)Floating-rate preferred stock, whose dividend is adjusted every seven weeks through a Dutch auction. Further SuggestionsConvertible preferred stockCumulative preferred stock Depository preferred Dutch Auction Preferred Stock First preferred stock Floating rate preferred Monthly income preferred security (MIP) Click to compare definitions of Blank Check Preferred Stock Click to view definitions beginning bl |