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LSDefine

Simple English definitions for legal terms

class of stock

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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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14:40
suck what? (:
Dkk
14:42
suck at predicting
14:43
boooooo
1a2b3c4d26z
14:45
hi guys
1a2b3c4d26z
14:45
how is everyone doing this fine friday
1a2b3c4d26z
14:46
Tonight im going to go for a run and lift some weights and then eat some dinner (probably a burrito) and then I'm going to watch a scary movie with my girlfriend (probably Longlegs). I'm so excited :)
1a2b3c4d26z
14:46
What is everyone else doing tonight
1a2b3c4d26z
14:47
Besides YM of course
14:47
Yoooo I’m a lifter too
14:47
I'm all good, I'm tipsy in Zanzibar finishing an app and laughing my ass off to this:
babycat
14:48
renard what are you drinking?
BulbasaurNoLikeCardio
14:50
Feeling like sad drinking tonight, wife accidentally tossed out my truck keys and those are expensive as fuck to replace. The crappiest part is that the key chain had the "remove before flight" tab from my first aircraft's rocket pods overseas from 6 years ago. Then find out people fucked around and back dated reports at work making me look like a shit bag so I am working later tonight and missing range time which is my weekly relax/me time. Add in my sleep meds stopped working, so I am thinking vodka (so I stay skinny and hot) and pizza by the fireplace kind of friday.
1a2b3c4d26z
14:51
Renard if you're not drinking margs Im gonna throw hands
14:51
Was at a restaurant and they decided to have me try something called "Double Kick" free of charge, it's like a sugar cane liquor with pineapple flavor
1a2b3c4d26z
14:51
missing range time :(
1a2b3c4d26z
14:52
That sounds good renard but unfortunately I'll still have to throw hands
Tonight I’m Having a date with this guy who asked me out couple times
BulbasaurNoLikeCardio
14:54
What made you give in and go out after he asked a couple times?
Other failed dates
babycat
14:55
That’ll do it
Question, how many of u would sleep on first date
babycat
14:57
honestly my answer is it depends
babycat
14:57
there has to be a very specific vibe to make me want to do that. not like a regular date
babycat
14:59
and sometimes you want to and you still don’t do ir
babycat
14:59
it
babycat
15:00
but I don’t use dating apps so all my first dates are with people I’ve already met in some context, which it sounds like is your situation too
Dkk
15:00
I could never imagine myself doing that on a first date.
Dkk
15:01
@BulbasaurNoLikeCardio: hope things get better
babycat
15:01
@Dkk: what if it’s someone you’ve known for a long time but never dated?
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