Related Words

Authorized Shares: Number of shares authorized for issuance by a firm's corporate charter.

Preauthorized Electronic Debits (PAD): Debits to a bank account in advance by the payer. The payer's bank sends payment to the payee's bank through the Automated Clearing House (ACH) system.

Preauthorized Checks (PAC): Checks that are authorized by a payer in advance, and written either by the payee or by the payee's bank and then deposited in the payee's bank account.

Paired Shares: Stock of two companies under the same management that are sold as one unit with one certificate.

Preference Shares: This is a type of share issued by a limited company. It carries a medium risk but has the advantage over ordinary shares in that preference shareholders get the first slice of the dividend ' . . . View Full Definition

Performance Shares: Shares of stock given to managers on the basis of performance as measured by earnings per share and similar criteria. A control device shareholders sometimes use to tie management to the sel . . . View Full Definition

Shares: Certificates or book entries representing ownership in a corporation or similar entity.

Total Common Shares: The total long-term debt and all types of equity of a company that constitutes its capital structure.

Shares Issued (Shares Outstanding): The number of shares a company has issued to shareholders.

Shares Authorized: The maximum number of shares of stock of a company allowed in the articles of incorporation, which may be changed only by a shareholder vote. See: Issued and outstanding.