In public markets, companies sell shares to the general population, who can then buy, sell or trade those shares on a stock exchange
Public Market
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Par Value
The face value of a bond or the stock value stated in the corporate charter.
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Participating Preferred
A type of stock that gives the holder the right to earn dividends at a higher rate.
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Pass-Through Security
A pool of fixed-income securities backed by a package of assets.
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