callable preferred stock

Preferred stock that may be repurchased by the issuing corporation at a prestated price, usu. at or slightly above par value. [Cases: Corporations 68. C.J.S. Corporations §§ 177, 180–183.]
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译者Carl,知名法学院保险学专业,擅长翻译各种与保险理赔追索相关的法律文件。
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