By definition, a preferred stock is a form of debt security.

Name: By definition, a preferred stock is a form of debt security.
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A preferred stock is actually a form of equity security, not debt. It represents a share in ownership of a company and typically pays a fixed dividend. While it may have some characteristics of debt, such as priority in receiving dividend payments, it is not considered a debt security.

By Definition, a Preferred Stock Is a Form of Debt