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1st Block
| Term | Definition |
|---|---|
| Stockholder | Somebody who owns one or more shares of a company’s stock |
| Sole Proprietorship | a business owned by one person |
| Unlimited Liability | without limits, restrictions, or controls |
| Partnership | the relationship between two or more people or organizations that are involved in the same activity |
| General Partner | business a member of a partnership whose liability is not limited |
| Limited Partner | a business partner who has no management responsibility and whose liability for company debts is limited to his or her financial stake |
| Master Limited Partnership | a limited partnership managed by one of the partners for the benefit of all the partners |
| Corporation | a company recognized by law as a single body with its own powers and liabilities, separate from those of the individual members. Corporations perform many of the functions of private business, governments, educational bodies, and the professions. |
| Stock | a supply of goods for sale, kept on the premises by a store or business |
| Closed Corporations | describes a business or institution where work, operation, or trading has temporarily or permanently stopped |
| Open Corporation | allowing people or things to pass through freely |
| Domestic Corporation | relating to or used in the home or everyday life within a household |
| Foreign Corporation | a company organized under the laws of another country |
| Alien Corporation | commercial law |
| Common Stock | stock that entitles the holder to a dividend in line with the company's profits, as distinct from preferred stock that gives the holder priority when dividends are paid |
| Preferred Stock | equity stock whose holders are the first to receive dividends from available profit. Preferred stock is redeemed before common stock when a company is liquidated. |
| Dividend | something good or desirable that is gained as a bonus along with something else |
| Proxy | the function or power of somebody authorized to act for another person |
| Board of Directors | a group of people chosen to make executive or managerial decisions for an organization |
| Corporate Officers | relating or belonging to a corporation |
| Limited Liability | an investor's liability for no greater a proportion of a company's debt than is represented by the value of his or her financial stake in the business |
| S-Corporation | a corporation in which five or fewer people own at least half the stock. It enjoys the legal rights of a corporation but is taxed like a partnership. |
| Limited-Liability Company (LLC) | a company whose owners and managers enjoy limited liability and some tax benefits, but avoid some restrictions associated with S corporations |
| Not-for-Profit Corporation | a negative adverb used to form structures indicating that something is to no degree or in no way the case or conveying the general notion "no." It is often used to express refusal, denial, or the negation of a statement just made. |
| Cooperative | doing or willing to do what is asked or required |
| Joint Venture | a business enterprise jointly undertaken by two or more companies, who share the initial investment, risks, and profits |
| Syndicate | an association of businesses jointly contributing capital to a major project |
| Merger | the joining together of two or more companies or organizations |
| Hostile Takeover | a takeover of a corporation that is viewed as undesirable by existing stockholders, owners, or management |
| Tender Offer | finance an offer to buy many shares in a company from any seller, usually at a considerable premium, in an effort to obtain a controlling interest |
| Proxy Fight | finance a contest for the votes by proxy of a corporation's shareholders when an acquirer tries to acquire enough votes to appoint a new board of directors who will consent to a takeover |
Created by:
coleloden
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