Examlex
Which of the following is true with respect to recent litigation reforms?
Stock Dividend
Shareholders receive additional shares as a payment from a corporation, rather than receiving cash.
Preferred Stock
A class of ownership in a corporation that has a higher claim on assets and earnings than common stock, often with dividends that are paid out before those of common stockholders.
Par Value
The nominal value of a bond or stock as declared by the issuer, which may not reflect its actual market value.
Cumulative
Refers to the total amount accumulated over a period of time or the aggregate of elements collected.
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