Visual Acuity Tests. Among the first tests performed in a comprehensive eye exam are visual acuity tests that measure the sharpness of your vision. These usually are performed using a projected eye chart to measure your distance visual acuity and a small, hand-held acuity chart to measure your near vision.
United States[edit] A preference in U.S. federal bankruptcy law is a transfer of property by a debtor to its creditor, on account of a pre-existing debt, that is made while the debtor is insolvent and gives the creditor more than it would obtain in a liquidation of the debtor's assets in a bankruptcy proceeding.
The liquidation preference is one of the features of preferred stock that companies can point to as a means of justifying the grant of stock options with a âfair market valueâ exercise price that is lower than the purchase price for the preferred shares in the latest round of financing.