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.
What is a 'Preferred Stock' A preferred stock is a class of ownership in a corporation that has a higher claim on its assets and earnings than common stock. Preferred shares generally have a dividend that must be paid out before dividends to common shareholders, and the shares usually do not carry voting rights. Preferred stock combines features of debt, in that it pays fixed dividends, and equity, in that it has the potential to appreciate in price. The details of each preferred stock depend on the issue.