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To appeal to the recognition need of others, it is important to identify a meritorious behavior, and then recognize that behavior with an oral, written, or material reward.
Preferred Stock
A class of ownership in a corporation that has a higher claim on assets and earnings than common stock and often pays dividends.
Cumulative
Refers to the total amount accumulated over a period of time, often used to describe amounts of money or measurements that build up until a specific point is reached.
Par Value
The nominal or face value of a bond, stock, or coupon as stated by the issuer, which may differ from its market value.
Corporate Creditors
Entities or individuals that a company owes money to because of previous transactions or agreements involving goods, services, or loans.
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