This is to ensure you have the ability to make the minimum monthly payments set by your loan contract. (finder.com)
When you buy preferred shares, you own a piece of the company and in exchange receive fixed dividend payments set at issuance with the par value of the preferred stock. (etfdb.com)
To avoid being late on your payments, you'll have to make a minimum monthly payment set by your credit card provider. (wisebread.com)