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Par Common Stock
The nominal or face value assigned to a share of common stock in the company’s charter.
Cumulative Preferred Stock
Stock that has a right to receive regular dividends that were not declared (paid) in prior years.
Par Value
The nominal or face value assigned to a share of stock or bond, typically used in accounting as a base value rather than market value.
Dividend Liability
Refers to the amount a company owes to its shareholders after the board of directors declares a dividend but before the company has actually paid it.
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