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Testing is the fourth phase in the SDLC.
Debit Balance
The remaining amount in a financial account that appears on the left side of the account ledger, indicating assets or expenses.
Dividends In Arrears
Outstanding dividends on cumulative preferred stock that have not been paid by the designated payment date.
Cumulative Preferred Stock
A type of preferred stock that entitles shareholders to receive dividends in arrears before any dividends can be distributed to common stockholders.
Guaranteed Dividends
Dividends that are promised by a corporation to preferred shareholders, payable before any dividends are given to common shareholders.
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