PREFERENCE SHARE CAPITAL Definition

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PREFERENCE SHARE CAPITAL is capital raised by an entity through the sale of preferred shares.

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SILENT PARTNERSHIP is the relation of partnership sustained by a person who furnishes capital only, i.e., the partner is not involved in the day-to-day operations or decisions of the entity.

SERVICE CHARGE is an additional charge for a service for which there is already a basic fee; also called service fee.

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