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LSDefine

Simple English definitions for legal terms

redeemable stock

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A quick definition of redeemable stock:

Redeemable stock is a type of stock that a company can buy back and retire. This means that the company can call in the stock and pay the shareholder the original price they paid for it. Redeemable stock is usually preferred stock, which means that the shareholder has a preferential claim to dividends and assets upon liquidation, but usually has no voting rights.

A more thorough explanation:

Redeemable stock is a type of preferred stock that can be bought back by the issuing corporation and retired. This means that the corporation has the option to call in the stock and pay the shareholder the original price of the stock plus any dividends owed.

For example, if a corporation issues redeemable stock at $100 per share and the shareholder has received $10 in dividends, the corporation can buy back the stock for $110 per share.

This type of stock is beneficial for corporations because it gives them flexibility in managing their finances. It also provides shareholders with some security because they know that they can sell their shares back to the corporation at a predetermined price.

redeemable security | redelivery

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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