callable preferredPreferred stock that can be repurchased by issuer for a preset price
common stockThe residual equity interest in a corporation; last in liquidation but usually receiving the full benefits of any corporate growth
convertible preferredPreferred stock that can be exchanged for common stock at some preagreed ratio
cumulative preferredPreferred stock that is entitled to a periodic dividend, and those dividends must be paid (eventually) before any monies can be distributed to common stockholders
dividends in arrearsAn omitted dividend on cumulative preferred stock that must eventually be paid before any monies can be distributed to common stockholders
ex-dividendThe event (date) when a transfer of stock ownership between shareholders will occur without the right for the purchaser to receive any previously declared dividends
initial public offeringThe first time stock in a corporation is offered to the investing public; registration and other requirements must be met; proceeds may flow to the corporation or private shareholders
legal capitalUsually the par value of the stock of a corporation
paid-in capital in excess of parThe amount by which a stock's issue price exceeds its par value; also referred to as "additional paid-in capital"
par valuePar value is a technical provision establishing the “legal capital” of the firm and is frequently associated with common and preferred stock to satisfy statutory requirements
preemptive rightA right that may or may not be provided to shareholders enabling them with a first right of refusal to buy any additional shares offered by a corporation
preferred stockA class of stock that generally benefits from a stipulated periodic dividend and priority in liquidation; but, usually lacking in upside participation in corporate growth
prospectusThe documentation describing financial and business aspects of an initial public offering
statement of stockholders' equityA financial statement that is often presented in lieu of a statement of retained earnings and other disclosures about equity accounts
stockTransferable units of ownership in a corporation
stock dividendA noncash corporate activity to provide shareholders with additional shares in proportion to existing ownership; makes for more shares outstanding, but does not change total equity
stock splitA corporate action to increase the number of shares and reduce the par per share by a stipulated ratio (e.g., 2 for 1)
treasury stockShares of a company's own stock that it has reacquired
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