Examlex
What is the difference between establishing a pay policy and establishing pay rates?
Cumulative
An adjective describing something that increases or accumulates over time, often used in the context of dividends or data.
Dividends In Arrears
Unpaid dividends on preferred stock that have not yet been distributed to shareholders, usually accumulated from previous periods.
Preferred Stock
A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often receiving dividends before common shareholders.
Treasury Stock
Shares that were issued and subsequently repurchased by the issuing company, reducing the amount of outstanding stock on the open market.
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