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TermDefinition
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