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The Use of Prisons to Punish People Emerged Only with the State

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The use of prisons to punish people emerged only with the state.


Definitions:

Stockholders' Equity

The remaining interest in a corporation's assets once all debts have been subtracted.

Reacquired Shares

Shares purchased back by the issuing company, reducing the number of shares available on the open market.

Balance Sheet

A balance sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.

Par Common Stock

The face value assigned to common stock shares, representing the minimum amount that can be credited to share capital; it is not necessarily indicative of the market value.

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