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Understanding financial terminology is essential for navigating the world of finance. One key term to know is after-tax income, which is the amount of money earned after taxes have been deducted. Another important concept is preferred dividends, which are payments made to shareholders before common stock dividends. Additionally, general partner distributions refer to profits distributed to partners in a business. Depreciation, depletion, and amortization are accounting methods used to track the decrease in value of assets over time. These terms are crucial for calculating operating and free cash flow, which provide insight into a company's financial health.
