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Many totalitarian regimes were able to deliver economic progress to the vast bulk of their populations, which curbed the spread of democracy during the late 1980s.
Bankruptcy
A legal proceeding involving a person or business that is unable to repay their outstanding debts, leading to the distribution of assets to creditors.
Preferred Stock
A category of corporate ownership that holds a superior claim over the company's resources and profits compared to common stocks, typically offering consistent dividend payments.
Equity
The ownership interest of shareholders in a corporation, represented by their shares of stock.
Dividends
Payments made by a corporation to its shareholder members, often derived from profits.
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