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.
Similarly, if the company were sold, the proceeds of the sale would be distributed first to the holders of the preferred stock and then to the holders of the common stock, based upon the terms of the liquidation preference. There are three types of liquidation preferences: