INITIATE is to set going by taking the first step, e.g., initiate contract negotiations.
LIABILITY RESERVE see RESERVE.
PREFERRED STOCK, usually, non-voting capital stock that pays dividends at a specified rate and has preference over common stock in the payment of dividends and the liquidation of assets. A firm with a distinct sustainable competitive advantage is one that does not have preferred stock.
Enter a term, then click the entry you would like to view.