As a result, cash on delivery is a preferred payment in many countries, but that comes with its own problems.

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With the rapid rise in use of debit and credit card as a preferred mode of payment over cash and check, the number of transactions processed by Visa has grown steadily by 10% in the last couple of years, except 2008 when the economic downturn caused transaction volumes to drop by almost 11%.

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Governments have appropriated the monetary unit for their own benefit by declaring it the only preferred monetary unit for payment of taxes to the State.

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When Kohlberg Kravis Roberts leveraged Storer Broadcasting, Drexel created a payment-in-kind preferred as the junior security and insisted KKR give warrants to buy common stock as a sweetener.

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Cumulative preferred stock buffers the risk of a skipped dividend payment by allowing past due dividends to accrue.

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Noah Rosenfarb, the Singers' financial adviser, invested money targeted for the down payment in short-term bonds, preferred stocks and dividend-paying stocks.

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Preferred, or sponsoring merchants will be able to take a payment from an iPhone and stimulate a purchase emotion or opportunity.

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Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

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In 73% of cases, the rules state that pensions in payment have a link to RPI, with just 10% using whatever the government's preferred measure might be, and 17% have some other sort of measure altogether.

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