Okay, instead, let me educate you a bit on sand fleas, so when you come home from a day on the beach with itchy welts all over your legs and feet, youâll know what happened. Also, because Iâve been researching the stupid things for two days and it seems a shame not to share. First off, sand fleas arenât insects. Theyâre teeny tiny crustaceans. Too little to boil and serve with melted butter. They actually resemble shrimp, and, howâs this for irony-- I actually saw a dead one on my towel at the beach, picked it up and studied it for a few seconds, and decided it was a brine shrimp.
Preferred stock (also called preferred shares, preference shares or simply preferreds) is a type of stock which may have any combination of features not possessed by common stock including properties of both an equity and a debt instrument, and is generally considered a hybrid instrument.
While preferred stock is technically equity, it is similar in many ways to a bond issue; some forms, known as trust preferred stock, can act as debt from a tax perspective and common stock on the balance sheet.