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Common Stock

Revision as of 11:03, 22 June 2009 by Ian.Jones (Talk | contribs)

Common stock or ordinary shares, represent ownership in a limited liability company. These are companies in which the owners' liabilities are limited to the shareholders' funds and the shareholders usually appoint directors to manage the company on their behalf. Holders of common stock are entitled to dividend when they are declared. They have the last claim on the assets and income of a company after other creditors have been paid.

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