Examlex
Each time you open PowerPoint, the Ribbon appears the same way it did the previous time you used it.
Authorized Shares
The highest quantity of shares that a company can legally distribute, as stated in its charter.
Noncumulative
Pertaining to preferred stock dividends, where dividends not paid in one period do not accumulate and are not required to be paid in future periods.
Preferred Stock
A class of ownership in a corporation with a higher claim on assets and earnings than common stock, usually with fixed dividends.
Par Value
The nominal or face value of a bond, share of stock, or other financial instrument, as stated by the issuer.
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