- callable preferred
Preferred stock that can be repurchased by issuer for a preset price
- common stock
The residual equity interest in a corporation; last in liquidation but usually receiving the full benefits of any corporate growth
- convertible preferred
Preferred stock that can be exchanged for common stock at some preagreed ratio
- cumulative preferred
Preferred stock that is entitled to a periodic dividend, and those dividends must be paid (eventually) before any monies can be distributed to common stockholders
- dividends in arrears
An omitted dividend on cumulative preferred stock that must eventually be paid before any monies can be distributed to common stockholders
- ex-dividend
The event (date) when a transfer of stock ownership between shareholders will occur without the right for the purchaser to receive any previously declared dividends
- initial public offering
The first time stock in a corporation is offered to the investing public; registration and other requirements must be met; proceeds may flow to the corporation or private shareholders
- legal capital
Usually the par value of the stock of a corporation
- paid-in capital in excess of par
The amount by which a stock's issue price exceeds its par value; also referred to as "additional paid-in capital"
- par value
Par value is a technical provision establishing the “legal capital” of the firm and is frequently associated with common and preferred stock to satisfy statutory requirements
- preemptive right
A right that may or may not be provided to shareholders enabling them with a first right of refusal to buy any additional shares offered by a corporation
- preferred stock
A class of stock that generally benefits from a stipulated periodic dividend and priority in liquidation; but, usually lacking in upside participation in corporate growth
- prospectus
The documentation describing financial and business aspects of an initial public offering
- statement of stockholders' equity
A financial statement that is often presented in lieu of a statement of retained earnings and other disclosures about equity accounts
- stock
Transferable units of ownership in a corporation
- stock dividend
A noncash corporate activity to provide shareholders with additional shares in proportion to existing ownership; makes for more shares outstanding, but does not change total equity
- stock split
A corporate action to increase the number of shares and reduce the par per share by a stipulated ratio (e.g., 2 for 1)
- total paid-in capital
The sum of legal capital plus paid-in capital in excess of par
- treasury stock
Shares of a company's own stock that it has reacquired
