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Anthony classically conditioned his cat to purr whenever the phone rang. One day, the phone rang for nearly two hours straight when Anthony wasn't home, and the cat's conditioned purring response underwent extinction. Today, the response has spontaneously recovered, but if the conditioned purring response were to undergo extinction again, Anthony should expect that it will
Preferred Shares
A class of ownership in a corporation that has a higher claim on its assets and earnings than common shares, often receiving dividends before common shareholders.
Common Shares
Equity securities that represent ownership in a corporation, providing voting rights and a share in the company's profits via dividends.
Common Shareholders' Equity
The amount of money that would be returned to common shareholders if all of the assets were liquidated and all of the company's debts were paid off.
Preferred Dividends
Dividends that are paid to preferred shareholders before any are paid to common shareholders, often at a fixed rate.
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