Tag Archives: bankruptcy

Iceland Bankruptcy – Brink of Financial Meltdown

he island of Iceland might be the first country in “national bankruptcy” to follow in the steps of the credit crunch.

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Iceland is all but officially bankrupt

People go bankrupt all the time. Companies do, too. But countries?

What is Prefered Stock?

Like common stock, preferred stocks represent partial ownership in a company, each share of preferred stock is normally paid a guaranteed, relatively high dividend and has first right over common stock at the company’s assets in the event of bankruptcy.

  • Preferred stock shareholders do not enjoy any of the voting rights of common stockholders.