APPRECIATION Definition

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APPRECIATION is the increase in the value of an asset in excess of its depreciable cost, which is due to economic, and other conditions, as distinguished from increases in value due to improvements or additions made to it.

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CUMULATIVE PREFERRED STOCK is preferred stock which gives holder a right to dividends if they have not been paid in a given year.

GNMA MIDGETS are GNMA bonds secured by mortgages with a stated maturity of 15 years.

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