When collateral for one loan is also serving as collateral for other loans. Legal only if the broker first offers the securities to the public at a price higher than the bid price. The former can always pay the market interest rate , but the latter cannot, and is crowded out. 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. 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. A balance sheet item which equals the sum of cash and cash equivalents , accounts receivable , inventory , marketable securities , prepaid expenses, and other assets that could be converted to cash in less than one year.