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Glossary   >   M   >   "Monthly income preferred security (MIP)" Definition            Monthly income preferred security (MIP) Preferred stock issued by a subsidiary located in a tax haven. The subsidiary relends the money to the parent. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Monthly income preferred security (MIP) - Preferred stock issued by a subsidiary located in a tax haven. The subsidiary relends the money to the parent.