Examlex
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Liquidation Preference
A term in a contract that stipulates the order in which shareholders are paid out in the event of a liquidation or exit.
Preferred Stock
A class of shares that offer their holders preferential rights to dividends and asset distribution over common stockholders, often without voting rights.
Treasury Shares
Shares of a company's own stock that it has reacquired and holds, which do not carry voting rights or pay dividends.
Authorized
Officially given a right or power to do something or the condition of having official permission.
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