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Prior-preferred stock

Definition:

Preferred stock that has a higher claim on all dividends and assets in liquidation than claims of other preferred stock.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Cash sale/settlement

Transaction in which a contract is settled on the same day as the trade date, or the next day if the trade occurs after 2:30 p.m. EST and the parties agree to this procedure. Often occurs because a... Read More

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