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21.Choice dividend payments are fastened obligations of the business, similar to the curiosity payments on company bonds.

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finance, the process of increasing money or money for virtually any expenditure. Individuals, business firms, and governments typically don't have the funds accessible to make expenditures, shell out their debts, or entire other transactions and have to borrow or sell fairness to get the money they should carry out their functions. Savers and traders, Alternatively, accumulate cash which could get paid interest or dividends if set to successful use. These financial savings may accumulate in the shape of cost savings deposits, financial savings and financial loan shares, or pension and insurance statements; when loaned out at fascination or invested in equity shares, they supply a source of financial investment cash.

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