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Term of the Day
cumulative liability
cumulative interest
cumulative preference share
Definition
A
clause
used to
pick
up
liabilities
under one or more
bonds
issued by the
same
company
to
protect
a
surety
company from
loss
.
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Popular 'Bonds' Terms
bond
debt/equity ratio
security
market capitalization
finance
yield
surety bond
derivative
debenture
risk
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