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Simple English definitions for legal terms
year-end dividend
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A quick definition of year-end dividend:
A year-end dividend is a payment made by a company to its shareholders at the end of the year. It is a way for the company to distribute its profits to its investors. When people vote, they express their preference or opinion on a particular matter. There are different types of votes, such as a counted vote, where each voter is individually counted, or a voice vote, where voters collectively answer aloud. A vote can be legal or illegal, effective or wasted, and can require a majority or supermajority to pass.A more thorough explanation:
A year-end dividend is a payment made by a company to its shareholders at the end of the fiscal year. This payment is usually in the form of cash or additional shares of stock. It is a way for the company to distribute its profits to its shareholders.
Yeas and nays refer to the affirmative and negative votes on a bill or resolution before a deliberative assembly. For example, in the United States Congress, a roll-call vote may be taken where each member's name is called and they respond with a "yea" or "nay" to indicate their vote. This helps to determine whether a bill or resolution passes or fails.
- A company decides to pay a year-end dividend of $1 per share to its shareholders. If a shareholder owns 100 shares, they will receive $100 as a dividend.
- In Congress, a roll-call vote is taken on a bill to increase funding for education. The yeas and nays are recorded to determine whether the bill passes or fails.
These examples illustrate how year-end dividends and yeas and nays are used in different contexts. Year-end dividends are used by companies to distribute profits to shareholders, while yeas and nays are used in government to determine the outcome of a vote.