PREFERRED STOCK Definition

Bookmark and Share

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.

Learn new Accounting Terms

IMPREST see PETTY CASH.

FINANCIAL INSTITUTION CONFIRMATION REQUEST is a confirmation sent to the client's bank or other financial institution asking the bank to confirm directly to the auditor information about balances at a particular date.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.