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Debt
An amount of money borrowed by one party from another, under the condition that it is to be paid back at a later date.
Preferred Stocks
Shares of a company that provide dividends to their holders before common stock dividends are issued and typically do not come with voting rights.
Cumulative
Cumulative refers to the total amount accumulated over a period of time, adding up all parts or elements.
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.
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