Monthly Income Preferred Shares

Monthly Income Preferred Shares definition - finance
A creative financing arrangement that lets companies list a transaction on its balance sheet as preferred equity instead of debt. MIPS was one of the aggressive accounting techniques that Enron Corp. used to hide the true amount of debt it held.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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