Students will often be asked to define terms or concepts on tests or exams. What follows is an outline of the basic components that should be included within a thorough and well-structured definition.
Every definition should accomplish the following tasks, within the following order:
i) Identify: Identify the term or concept - simply and precisely.
ii) Elaborate: Provide further information regarding the concept.
iii) Relate: Establish the relevance of the term to broader themes or concepts examined within the particular unit of study.
This kind of definition leaves one thinking, "That's nice, but what is it?!" A better definition for preferred stock would read as follows: