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LSDefine
Simple English definitions for legal terms
share certificate
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A quick definition of share certificate:
A share certificate is a document that proves you own a part of a company. It's like a special piece of paper that says you have a certain number of shares in the company. It's important to keep it safe because it shows that you have a right to vote on important decisions and to receive a share of the company's profits.
A more thorough explanation:
A share certificate is a document that proves ownership of shares of stock in a company. It is also known as a stock certificate or certificate of stock.
- John owns 100 shares of Apple Inc. and has a share certificate to prove it.
- Mary inherited shares of Coca-Cola from her grandfather and received a share certificate as proof of ownership.
These examples illustrate how a share certificate is used to show ownership of shares in a company.