GLOSSARY
This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
If you have a comment, suggestion or question please contact us at glossary@scic.com

Preferred Stock

Type of stock issued by a corporation that has ownership privileges with respect to payment of dividends and distribution of assets greater than those of common stock owners but no voting rights. The dividend is expressed as a percentage of the stated par value much like interest but is not tax deductible to the organization.

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Welcome To the Alliance!

The National Alliance for Insurance Education & Research is now the Risk & Insurance Education Alliance, or simply “The Alliance”.  For more details, please read our Press Release.