Meanings of periodic auctions in English

Auction-rate securities had interest payments that reset at periodic auctions.

Auction-rate debt has rates that reset at periodic auctions.

Auction-rate debt has rates that reset in periodic auctions.

Auction rate securities are a type of long-term floating rate debt whose interest rates reset in short-term periodic auctions.

Auction rate securities (ARS) are a type of long-term debt whose interest rates reset in short-term periodic auctions.

ARS was debt reset at periodic auctions by Wall Street companies that had touted it as a safe, cash equivalent.

Auction-rate debt bears interest rates that reset through periodic auctions typically held every seven, 28 or 35 days.

Auction-rate debt has interest rates that reset through periodic auctions, typically held every seven, 28 or 35 days.

They are long-term securities, but the investment banks hold periodic auctions to set the interest rates, giving holders the option to sell their securities.

Regulators say banks misled investors into believing that auction-rate securities, which have interest rates that reset in periodic auctions, was the equivalent of cash.

They are long-term securities, but the investment banks hold periodic auctions to set the interest rates and give holders the option to sell the securities.

Regulators say brokerages misled investors into believing that auction-rate debt, which has rates that reset in periodic auctions, was safe and the equivalent of cash.

BATS will cover that option with its Periodic Auctions book, launched last October and operating auctions throughout the day.