Monthly Income Preferred Security (MIP) Love Machine 15 years ago Monthly Income Preferred Security (MIP)Investments typically originating in tax havens. Takes the form of preferred stock issued by subsidiaries located in such areas, to generate funds that are subsequently loaned to the parent organization.Recommended for you:Preferred StockPreferred Equity Redemption Stock (PERC)Non-Cumulative Preferred StockCumulative Preferred Stock