Examlex
To combine words into grammatically sensible sentences,we need to apply proper rules of
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.
Par Value
The nominal or face value assigned to a share of stock or a bond, used in legal documents and usually unrelated to market value.
Corporate Charter
A corporate charter is a legal document that establishes a corporation, setting forth its structure, powers, and objectives as granted by the state.
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