Fergus Hodgson (@FergHodgson)

Term of the day: preferred stock. This refers to a range of securities that are a hybrid of stocks and bonds. Preferred stocks have fewer or no voting rights, but they receive priority dividends and payouts in the case of a corporate failure and liquidation. https://www.home.saxo/learn/guides/equities/preferred-stocks-explained-what-they-are-and-why-you-should-care