A ________ is a preferred stockholder's right to be paid a stated dollar amount if a corporation is dissolved and its assets redistributed.

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Liquidation preference is the right of the preferred stockholder to receive a specified amount of payment before the common stockholders in case of the corporation's dissolution and asset liquidation. Noncumulative preference refers to preferred stock that doesn't accumulate dividends if they are not paid out, while cumulative dividend preference refers to preferred stock that accrues unpaid dividends, which must be paid before any dividends are paid to common stockholders. Dividend preference refers to the priority of preferred stock dividends over common stock dividends.

A ________ Is a Preferred Stockholder's Right to Be Paid