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Water is a highly reactive substance, quite different both physically and chemically from most other liquids. Indeed, life as we know it would be impossible if water did not have the properties it does. The first living systems presumably arose in the aqueous environment of shallow seas. It is therefore not surprising that the living organisms of the present are intimately adapted at the molecular level to the special properties of water. David Randall et al., Animal Physiology
Preferred Stock
A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, usually with fixed dividends.
Annual Dividend
The total dividend payment a company makes to its shareholders in a year.
Compounded Monthly
A method of calculating interest in which the interest accrued in each month adds to the principal for the calculation of subsequent interest.
Effective Annual Rate
The interest rate that is annually compounded, taking into account the effects of compounding.
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