MLchartDataset catalogue

Auction rate security (ARS)

Term · Insurance and risk management · MLC-T-INS-000490

A debt instrument with a long-term maturity but whose interest rate is reset periodically through a Dutch auction process. These securities were designed to provide liquidity through regular interest rate adjustments, typically every 7, 28, or 35 days. The market for ARS largely collapsed in 2008.

Table 1. Record
IdentifierMLC-T-INS-000490
FieldInsurance and risk management
AbbreviationARS
Record as JSON 
{
  "id": "MLC-T-INS-000490",
  "term": "Auction rate security (ARS)",
  "field": "Insurance and risk management",
  "definition": "A debt instrument with a long-term maturity but whose interest rate is reset periodically through a Dutch auction process. These securities were designed to provide liquidity through regular interest rate adjustments, typically every 7, 28, or 35 days. The market for ARS largely collapsed in 2008.",
  "abbreviation": "ARS",
  "url": "https://mlchart.com/terminology/insurance/auction-rate-security-ars/"
}

Record 240 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.