Examlex
When Carson was younger he would get very upset if his school friends didn't follow rules when playing games. Now 11 years old, Carson has learned that it is important to discuss the rules of a game before it gets started, making sure everyone agrees to whatever rules are made. Carson has moved into:
Common Stock
A type of equity security that represents ownership in a corporation, entitling holders to votes at shareholder meetings and to dividends when declared.
Redeemed Bonds
Bonds that have been repaid by the issuer prior to or at maturity, removing the debt obligation from the issuer's balance sheet.
Purchased Patents
Intellectual property rights acquired from another entity, granting exclusive rights to use, make, sell, or distribute the patented technology or product.
Gain On Sale
The profit that results from selling an asset for more than its purchase price.
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