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10 Cards in this Set
- Front
- Back
Name three features of common stock |
Ownership, ability to vote for board members, premptive rights |
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Legal order of preferance for payments of earnings |
1. Creditors 2. Bond Holders 3. Prefered Stock Holders 4. Common Stock Holders |
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Explain Founders Shares |
Special voting rights for family members, disportional, EX: Ford 3.5% of total stock yet 40% of BD. |
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What is Prefered stock, and three features |
It is a non-debt financial instrument stipulated dividends, No voting rights, 70% tax break for corporations |
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Who owns preferd stock? |
Corportations and retired individuals |
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How selling stock came about |
Sold stock to build for capital investment they didnt have money for, British east india company was the first, they needed $$ for new clipper ships. American Fur co. was the first American company to sell stock to grow buissness. |
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NASDAQ |
National Association of Securities Dealers Automated Quotation. It is a Information distribution system and now a stock exchange. |
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What is classified Sock |
Companies efforts to segragate stock for accounting purposes |
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Explain Premptive rights |
Guarentee that you can buy new shares to stay in the same % position |
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Explain DOW |
1986 12 companies average the eod price to give an index on price movement. Now 30 companies |