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1stt 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 corporation | business |
| Open corporation | allowing people or things to pass through freely |
| Domestic corporation | commerce produced, distributed, sold, or occurring within a country |
| Forgein corporation | A foreign corporation is a term used in the United States for an existing corporation that is registered to do business in a state or other jurisdiction other than where it was originally incorporated. ... |
| Alien Corporation | A company incorporated under the laws of a foreign country regardless of where the company conducts its operations |
| Common stock | tock 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 | finance company profits paid pro rata to stockholders, either in cash or in more shares |
| Proxy | law stock exchange a document authorizing somebody to vote on matters of corporate stock on behalf of somebody else |
| Board of directors | directorate: a group of persons chosen to govern the affairs of a corporation or other large institution |
| Corporate officers | Publicly and privately held for-profit corporations confer corporate titles or business titles on company officials as a means of identifying their function and responsibility in the organization. ... |
| Limited liability | the liability of a firm's owners for no more than the capital they have invested in the firm |
| s-corporation | An S corporation, for United States federal income tax purposes, is a corporation that makes a valid election to be taxed under Subchapter S of Chapter 1 of the Internal Revenue Code. In general, S corporations do not pay any federal income taxes. ... |
| Limited- liability company | is a flexible form of enterprise that blends elements of partnership and corporate structures. An LLC is not a corporation; it is a legal form of company that provides limited liability to its owners in the vast majority of United States jurisdictions. |
| Not-for-profit corporation | or not-for-profit organization, often called an NPO or simply a nonprofit and non-commercial organization, often called an NCO, is an organization that uses surplus revenues to achieve its goals rather than distributing them as profit or dividends |
| Cooperative | 1. a farm, business, or other organization that is owned and run jointly by its members, who share the profits or benefits. 1. a farm, business, or other organization that is owned and run jointly by its members, who share the profits or benefits. |
| Joint venture | a commercial enterprise undertaken jointly by two or more parties that otherwise retain their distinct identities. |
| Syndicate | a group of individuals or organizations combined to promote some common interest. |
| Merger | 1. a combination of two things, esp. companies, into one. |
| Hostile takeover | a takeover that is resisted by the management of the target company |
| Tender offer | an offer to buy shares in a corporation (usually above the market price) for cash or securities or both |
| Proxy fight | a measure used by an acquirer to gain control of a takeover target; acquirer tries to persuade other shareholders that the management of the target should be replaced |
Created by:
nicholas.kile15
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