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The Teller Amendment
Par
The face value of a security as stated by its issuer, distinct from its market value.
Common Stock
A type of security that represents ownership in a corporation, with voting rights and potential for dividends.
Par Value
The stated value of a financial security, such as a bond or stock, as declared by the issuer.
Preferred Stock
A type of equity security that has a priority claim on a company's assets and earnings before common stock, usually with fixed dividends and no voting rights.
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