A sum of retained or restricted surplus placed in an account that can only be used to pay in the event that the investor has arrears from a breach of covenant or a deficit from a cumulative preferred stock investor. AKA restricted surplus.
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A sum of retained or restricted surplus placed in an account that can only be used to pay in the event that the investor has arrears from a breach of covenant or a deficit from a cumulative preferred stock investor. AKA restricted surplus.
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