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term:
Stock
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stock n
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1 a : the equipment, materials, or supplies of a business
b : a store or supply accumulated
;esp
: the inventory of the goods of a merchant or manufacturer
2 : the ownership element in a corporation usually divided into shares and represented by transferable certificates
;also
: the certificate evidencing ownership of one or more shares of stock
capital stock
1 : the stock that a corporation may issue under its charter including both common and preferred stock
2 : the outstanding shares of a joint stock company considered as an aggregate
3 : capitalization
common stock
: a class of stock whose holders share in company profits (as through dividends) on a pro rata basis, may vote for directors and on important matters such as mergers, and may have limited access to information not publicly available
cumulative preferred stock
: preferred stock whose holders are entitled to the payment of cumulative dividends as well as current dividends before common stockholders are paid
growth stock
: stock issued by a growth company
margin stock
: stock that may be purchased in a margin account
no-par value stock
: stock issued with no par value which may be carried for corporate accounting purposes as part of the capital stock or as part of the capital surplus to the extent allowed by law called also no-par stock
pen·ny stock
: the stock of a small company not listed on a major exchange and traditionally selling at less than a dollar a share
preferred stock
: a class of corporate stock whose holders are guaranteed payment of dividends and a share of asset distribution before the holders of common stock but are usually denied voting rights
Treasury stock
: stock that is reacquired and held by the issuing company (as to increase the market value of traded shares)
voting stock
: stock (as common stock) entitling the holder to vote in matters of corporate governance
wa·tered stock
: stock issued with a par value greater than the value of the underlying assets
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.