special stock

Hist. Corporate stock that guarantees investors an annual dividend and gives them creditor status to the extent that dividends have become payable.

• In contrast, preferred-stock holders’ claims for dividends payable are secondary to creditors’ claims. Special stock was statutorily authorized only in Massachusetts.

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词条贡献者

译者Terence，毕业于国内顶尖法学院，擅长翻译各种与复杂结构性融资相关的法律文件。