The former can always pay the market interest rate , but the latter cannot, and is crowded out. A corporation that was established by a country's government. CTA Commodity Trading Advisor . An arrangement in which a payment not made when due is carried over to the following period. A provision requiring that unpaid accumulated preferred stock dividends must be paid before any common stock dividends are.
Most preferred stock is cumulative preferred.
Actual, non- annualized performance over a given period of time. The term used to describe when trading curbs are no longer in effect. A provision in a contract allowing a defaulting party to fix the cause of a default, for example a repayment grace period . Any form of money that is in public circulation. The ability to exchange money for gold or other currencies.