Classes of stock . Common and preferred are the two primary classes of stock. The intent is to give variable voting rights and rights to dividends to stockholders. Collateral trust bonds . Common stock .
Stockholders share in profits in proportion to the number of shares they own.
Consolidated bonds, consolidated mortgages . Sometimes called monster mortgages. These are new loans issued to pay off several older loans. Often, those earlier issues carry higher interest rates. Railroads often used consolidated mortgages when merging smaller lines into larger systems.