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Employing the single word HOMES to remember the names of North America's five Great Lakes best illustrates the use of
Treasury Stock
Shares of a company's own stock that it has reacquired from shareholders and holds, reducing the amount of outstanding stock on the market.
Cash Dividend
Cash payments made by corporations to their owners from profits earned.
Authorized Shares
The highest quantity of shares that a company can legally distribute, as stated in its charter.
Noncumulative
Pertaining to preferred stock dividends, where dividends not paid in one period do not accumulate and are not required to be paid in future periods.
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