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trustlaw

chap7

TermDefinition
In any company there are two broad types of financial resource: internal resources provided as capital by the owners of the company in their capacity as members; and external resources provided by way of loan or credit by creditors.
What Is Share Capital? What Is Share Capital? The company’s share capital is the amount of money or assets contributed to the company by its members when they subscribe for shares in the company.
Shares also provide members with a bundle of property rights including: the right to be paid a dividend out of profits when declared; the right to attend meetings and to vote; and the right to the return of capital in a winding up if the company has enough assets after discharging its debts.
Direct share ownership is defined as having: Shares incompany listed on a securities exchange that are held either personally, or viaSMSF/company structure, but not as part of a managed fund or a superFund .Derivatives&other investments listed on a securities exchange, such as (REITs), were previou
Created by: oliverawesome