guaranteed stock

guaranteed stock definition - business

guaranteed stock

Preferred stock that is issued by one company and guaranteed as to dividends by one or more other companies. Guaranteed stock issues, like guaranteed bonds, are most prevalent among railroads.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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