Examlex
appropriate discount rate to use when analyzing a refunding decision is the after-tax cost of new debt, in part because there is relatively little risk of not realizing the interest savings.
Non-Cumulative
Pertaining to preferred stock, which does not accumulate unpaid dividends if they are not declared.
Preferred Stock
A class of ownership in a corporation that has a higher claim on its assets and earnings than common stock, often with fixed dividends.
Treasury Stock
Shares that were issued and subsequently reacquired by the issuing corporation, reducing the number of shares outstanding in the market.
Gain On Sale
The profit realized from the sale of an asset, when the selling price exceeds its original purchase price.
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