Product Overview

Update
Owner:
SecondMarket
Status:
live
Description:
Auction-rate Securities Market was added to CrunchBase in 2008

Detailed Description

Update

Auction rate securities (ARS) refer to long-term investments that have a short-term twist: the interest rates or dividends they pay are reset at frequent intervals through auctions, which typically occur every 7, 14, 28, or 35 days. Usually, these auctions also provide the primary source of liquidity to ARS investors who wish to sell their investment.