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19 Cards in this Set
- Front
- Back
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Novation
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A new contract with different parties.
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Authorized and unissued
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Stock that has been quthorized but not yet sold.
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Authorized and issued
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Stock that has been authoirized and sold; another word for it is outstanding.
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Treasury Stock
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Stock that a company has sold, but later bought back.
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Preferred Stock
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The owners of preferred stock have preference on dividends and also, typically, in liquidation.
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Minute Book
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The official record of a corporation.
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Bylaws
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a document that specifies the organizational rules of a corporation or other organization, such as the date of the annual meeting and the required number of directors.
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Bonds
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Long-term secured debt.
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Debentures
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Long-term unsecured debt.
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Notes
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When issued by a company, short-term debt, typically payable within five years.
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Pierce the Corporate Veil
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a court holds shareholders personally liable for the debts of the corporation.
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Stakeholder
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Anyone who is affected by the activities of a corporation, such as employees, customers, creditors, suppliers, shareholders, and neighbors.
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Duty of Loyalty
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The obligation of a manager to act without a conflict of interest.
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Duty of care
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The requirement that a manager act with care and in the best interests of the corporation.
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Tender Offer
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a public offer to buy a block of stock directly from shareholders.
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Hostile Takeover
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An outsider buys a company in the face of opposition from the target company's board of directors.
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Proxy
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The person whom a shareholder appoints to vote for her at a meeting of the corporation. Also, the documents a shareholder signs appointing this substitute voter.
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Quorum
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The percentage of voters who must be present for a meeting to count.
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Annual Report
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A document that the SEC requires public companies to provide to their shareholders each year. It contains financial data.
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