TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

STRAIGHT PREFERRED [1 record]

Record 1 2004-03-23

English

Subject field(s)
  • Stock Exchange
  • Investment
CONT

Most straight preferreds are considered to be part of a company's permanent equity. This means these shares don't have a redemption date - the company has no obligation to buy them back on a fixed date.

CONT

We sold straight preferred on very favourable terms during the proposed but unsuccessful takeover bid. We bought 1 straight preferred, the Bank of Montreal, to yield about 9 3/4 %.

OBS

The correct French equivalent is "action" in this context because "stock" and "share" are used interchangeably as a singular noun. However, "stock" is usually a collective noun, with "actions" as its French equivalent and "shares" as its synonym.

French

Domaine(s)
  • Bourse
  • Investissements et placements
CONT

On considère la plupart des actions privilégiées classiques comme partie intégrante des capitaux propres permanents, c'est-à-dire que ces actions n'ont pas de date de rachat - la société n'est pas obligée de les racheter à date fixe.

Spanish

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