Notable Quotable
"There are more fools among buyers than among sellers." 
-French proverb
Term of the Day

accounts payable (A/P)

Unpaid bills. accounts that are owed to suppliers (trade creditors) as distinguished from accrued interestrent, salaries, taxes, and other such accounts. Accounts payable are shown under current (short-term) liabilities in the balance sheet. Lenders and investors examine the relationship of these accounts to the firm's purchases in order to judge the soundness of its day to day financial ...
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Usage Example
This can include leases on real estate, loans, accounts payable to suppliers of material, tax liabilities or obligations to deliver product.
Term of the Day

preferred stock

Capital stock which provides a specific dividend that is paid before anydividends arepaid to common stock holders, and which takes precedenceover common stock in the event of a liquidation. Like common stock, preferred stocks represent partialownership in a company, althoughpreferred stock shareholders do not enjoy any of the voting rights of commonstockholders. Also unlike common stock,...
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Usage Example
Moreover, the company also announced a dividend payment of 25 cents on itspreferred stock.