Examlex
How might the desire by managers to have a lot of financial flexibility be more
self-serving than in the interest of the firm's shareholders?
Asset
An economic resource owned or controlled by an individual, corporation, or country, expected to provide future benefits.
Par Value
The face value of a bond or stock as stated by the issuing company.
Legal Services
Professional services provided by a lawyer or legal firm, including advice, representation, and drafting of legal documents.
Par-value Preferred Stock
Par-value preferred stock is a type of preferred share that has a nominal face value indicating the amount that must be repaid if the company is liquidated.
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