Concept |
preferred stock that is converted to common stock or redeemed at par after specific time period |
dividend |
Pre-determined dividend is paid out subject to dividend profit |
conversion right |
conversion to common stock subject to pre-determined term. Preferred stock disappears after conversion exercise됨 |
redemption |
after pre-determine period, redeemed at par subject to dividend profit |
IPO related terms |
IPO obligation exists within specific time range. Conversion price adjusts after IPO. Penalty exists when IPO fails |