Examlex
Write the sum using summation notation.
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Dividends
Payments made by a corporation to its shareholder members, usually derived from the company's profits, distributed as an incentive to keep investing in the company.
Stated Liquidation Value
The predetermined amount per share that shareholders are guaranteed to receive in the event of the company's liquidation as specified in the corporate charter or bond covenant.
Preferred Stock
A class of ownership in a corporation with a fixed dividend that must be paid out before dividends to common stockholders, and with generally no voting rights.
Callable
Describes a financial security that the issuer has the right to redeem or 'call back' before its maturity date, often at a predetermined price.
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