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Vocabulay
| Term | Definition |
|---|---|
| Stockholder | Somebody who owns one or more shares of a company’s stock |
| Sole proprietorship | A type of business entity that is owned and run by one individual |
| Unlimited liability | A type of investment in which a partner or investor can lose an unlimited amount of money |
| Partnership | an arrangement in which parties agree to cooperate to advance their mutual interests General partner all partners manage the business and are personally liable for its debts |
| Limited partner | certain limited partners relinquish their ability to manage the business in exchange for limited liability for the partnership's debts |
| Master limited partnership | all partners have some degree of limited liability |
| Corporation | separate legal entity that has been incorporated through a legislative or registration process established through legislation |
| Stock | aggregation of buyers and sellers a loose network of economic transactions |
| Closed corporation | Firm whose all issued shares are held by a family or a small group of investors and, therefore, cannot be bought by the public. Also called privately held corporation. See also closely held corporation |
| Open corporation | Firm whose shares are publicly traded, and are not monopolized by a small group of investors. Opposite of closed corporation |
| Domestic corporation | Local corporation, formed under the laws of the jurisdiction where it is domiciled |
| Foreign corporation | Firm incorporated under the laws of a foreign jurisdiction and owned or controlled by non-nationals. Also called alien corporation, foreign concern, or foreign firm. |
| Alien corporation | Deals with foreign corporations |
| Common stock | the residual assets of the company |
| Preferred stock | part common stock and part bond |
| Dividend | share of the after-tax profit of a company, distributed to its shareholders according to the number and class of shares held by them |
| Proxy | Law stock exchange a document authorizing somebody to vote on matters of corporate stock on behalf of somebody else |
| Board of directors | Governing body (called the board) of an incorporated firm |
| Corporate officers | A person’s financial liability to a fixed sum |
| Limited liabilities | person's financial liability is limited to a fixed sum |
| S-corporation | computing compensation for employees and shareholders |
| Limited- liability company | flexible form of enterprise that blends elements of partnership and corporate structures |
| Not-for-profit corporation | a nonprofit and non-commercial organization |
| Cooperative | Firm owned, controlled, and operated by a group of users for their own benefit |
| Joint venture | New firm formed to achieve specific objectives of a partnership like temporary arrangement between two or more firms |
| Syndicate | Temporary association of two or more individuals or firms to carry out a specific business venture or project such as large scale real estate development. |
| Merger | Voluntary amalgamation of two firms on roughly equal terms into one new legal entity |
| Tender offer | Acquiring a firm despite the disapproval of, or open resistance from, its board of directors |
| Proxy fight | Unfriendly contest for the control of an organization in which two or more groups seek proxies from the members or eligible voters to back their takeover attempt |
| Hostile takeover | Bid or offer submitted in response to an invitation to bid (ITB) or request for tenders. |
Created by:
daria.sweatt
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