Glossary

Glossary

Term Book Chapter Definition
Preferred Stock Corporate Finance Chapter 8: Sources of Corporate Financing A class of equity that typically pays fixed dividends and has priority over common stock in dividend distribution and liquidation proceeds.
Preferred Stock Securities Industry Essentials (SIE) Exam Chapter 4: Types of Securities and Products A type of equity that generally does not offer voting rights but provides a fixed dividend that must be paid before dividends to common shareholders.