Which of the Following Is NOT a Characteristic Commonly Associated

question 20

Multiple Choice

Which of the following is NOT a characteristic commonly associated with preference shares?

• A) A specified, fixed return
• B) No voting rights
• C) Higher ranking than bond holders on claims on assets
• D) No entitlement to take possession of assets if the borrower defaults on payment

---

Definitions:

Executor

An individual or institution appointed to execute the terms of a will, managing the estate of the deceased according to the will's instructions.

Probate Court

A segment of the judiciary system that deals with matters such as the validation of wills, distribution of a deceased person's assets, and guardianships.

Beneficiaries

Individuals or entities entitled to receive benefits or assets from a trust, will, or insurance policy.

Principal of an Estate

The total assets of an estate before debts and liabilities are subtracted.