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Cows are like buffalo...EXCEPT they're NOT as huge, athletic, and ridiculously good-looking. Confused? Pay attention to key words if you want the real deal.

Shareholder Rights

Shareholder Rights

Mark was on a roll. "You guys know that shareholder rights are dependent on the type, or class, of equity or debt ownership you hold, right? A company's shareholder pecking order usually goes like this: bondholders, preferred stockholders, and common stockholders. Liquidity preferences follow in this same order. If a company liquidates, bondholders and other debt holders get the first crack at assets, followed by preferred stockholders, and then common stockholders.

"Preferred stockholders...

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