Common stock – n: finance/accounting term; equity
or stock ownership of a company representing owners who have the lowest-priority,
or a “residual,” interest in the company. In other words, in a liquidity event
such as the sale of a company of all of its assets, common stockholders get
paid last, only after the principal amounts owed senior debt-holders,
subordinated debt-holders, and preferred stockholders are paid.
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Adapted from "The CompanyCrafters Entrepreneur's Dictionary"
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