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The nullification crisis:
Par Value
The nominal or face value of a bond, share of stock, or coupon as indicated on a bond or stock certificate.
Common Stock
A type of security representing ownership in a corporation, with holders having a claim on part of the company’s assets and earnings.
Dividends
Payments made by a corporation to its shareholder members, usually as a distribution of profits.
Profits
Profits represent the financial gain obtained when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the operation.
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