Examlex
What is diversity? Give two examples.
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.
Coupon Bond
A type of bond that pays the holder a fixed interest rate (coupon) over its entire term and repays the principal at maturity.
Yield To Maturity
The total return anticipated on a bond if the bond is held until it matures, accounting for both interest payments and the adjustment of the bond price to its face value.
Par Value
The face value of a bond or the stock value stated in the corporate charter, often used in bond trading.
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