Examlex
By the 1990s,the British pound had replaced the U.S.dollar as the world's key currency.
Par Common Stock
The nominal or face value assigned to common stock by the issuing company.
Cumulative Preferred Stock
A type of preferred stock where dividends accumulate if not paid in a given period and must be paid out before common dividends can be distributed.
Par Common Stock
The value designated to shares of common stock in the articles of incorporation, known as the nominal or face value.
Stock Split
A corporate action where a company divides its existing shares into multiple shares to boost the liquidity of the shares, though the overall value of the company remains unchanged.
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