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Corporate Financial Structure
Corporate Management
Corporate Dividends
Changes in the Corporate Structure
Even More Potpourri
100
A security representing ownership interest in an enterprise and sold to investors (often called a share).
What is equity security?
100
The owner of a corporation.
What is a shareholder?
100
Strictly, refers to payments to shareholders that are not a sharing of profits; loosely, refers to any type of payment to shareholders
What is a distribution?
100
A composite of previously approved amendments.
What is a restated articles of incorporation?
100
A division of outstanding shares.
What is a stock split?
200
A security representing an obligation of the corporate issuer to repay $ (often called a bond).
What is debt security?
200
A fundamental shareholder right.
What is to be kept informed of corp. affairs/right to inspection?
200
A distribution by a corporation of its own shares.
What is share dividend?
200
A combination of two or more corporations into one new entity.
What is consolidation?
200
The people who carry out the day-to-day business of a corporation.
Who are the officers?
300
Stock in a corporation that carries certain rights and privileges; frequently used to provide additional voting rights or some other privilege
What is preferred stock?
300
The method of voting in election for directors in which each share carries as many votes as there are directors being elected
What is cumulative voting?
300
The way in which dividends are allocated to shareholders.
What is in proportion to their respective ownership shares of the corporation?
300
When Corp A acquires all of a class of shares of Corp B and Corp B receives some shares of Corp A.
What is share exchange?
300
The date used to determine who is eligible to receive a distribution.
What is the record date?
400
When a creditor may, upon default, seize specific assets pledged as collateral to satisfy debt, the debt is called this.
What is secured debt?
400
The managers of a corporation.
What are the directors/Board of Directors?
400
The solvency and excess test that requires that assets outweigh liabilities after the dividend is paid so that preferred shareholders get paid.
What is the balance sheet test?
400
A nonconsensual corporate takeover.
What is a hostile takeover?
400
The term used when shareholders compel corporation to purchase their stock at agreed-upon price.
What is "put"?
500
The method IRS uses to discourage corporations from retaining profits rather than distributing them to shareholders
What is Accumulated Earnings Tax?
500
The term used when holding individual shareholders liable for corporate obligations.
What is "piercing the corporate veil"?
500
The term used to describe the act of a corporation buying back stock from shareholders.
What is stock exchange?
500
The defense to a hostile takeover wherein the managers of the target agree that if any of them are fired after a takeover, they will all resign.
What is a suicide pact?
500
The right of dissenting shareholders have their shares appraised and to receive the fair value of their shares in cash as of the date of merger.
What is appraisal right?