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Securities
Financial instruments that represent either ownership (e.g., stocks) or a debt agreement (e.g., bonds) between the buyer and the issuer.
Preferred Shares
A class of ownership in a corporation that has a higher claim on its assets and earnings than common shares, usually with fixed dividends.
Insolvent
A financial state in which an individual or entity can no longer meet their monetary debts as they come due.
Participating Preferred Stock
A type of preferred stock that provides its holders with dividends that exceed the stated dividend rate in certain situations, often when the company performs well.
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