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LSDefine

Simple English definitions for legal terms

class of stock

Read a random definition: bearer security

A quick definition of class of stock:

A class of stock is a type of corporate shares that a company issues when they have more than one type of stock. There are different types of class of stock, such as preferred stock and common stock. Common stock allows the holder to vote on corporate matters, receive dividends after other claims and dividends have been paid, and share in assets upon liquidation. Preferred stock gives its holder a preferential claim to dividends and to corporate assets upon liquidation but usually carries no voting rights.

A more thorough explanation:

Class of stock refers to a category of corporate shares that are issued when a company has more than one type of stock. There are two main types of stock: preferred stock and common stock. Preferred stockholders have priority over common stockholders when it comes to receiving dividends and assets during liquidation. Common stockholders have voting rights and can participate in the company's management.

For example, a company may issue Class A and Class B shares of stock. Class A shares may have more voting rights than Class B shares, but Class B shares may have priority when it comes to receiving dividends.

Another example is cumulative preferred stock, which guarantees that the holder will receive all missed dividends before common stockholders receive any dividends.

Understanding the different classes of stock is important for investors because it can affect their rights and potential returns.

class lottery | class-one insured

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MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
[] baddestbunny
4:29
let’s get after it boys and girls
Dkk
5:21
I gtg to bed soon.
Dkk
5:22
Big day today. Gunna be a crazy one. I will sleep through the first half.
good morning lsd it is 5 am EST
also jazzy my ndls address went long ages ago i sadly do not think it means anything
my stanford address also went long LOL i think at most it's an indicator it's under review
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