12 CFR 563.142 - What other definitions apply to this subpart?
The following definitions apply to this subpart:
Net income means your net income computed in accordance with generally accepted accounting principles.
Shares means common and preferred stock, and any options, warrants, or other rights for the acquisition of such stock. The term “share” also includes convertible securities upon their conversion into common or preferred stock. The term does not include convertible debt securities prior to their conversion into common or preferred stock or other securities that are not equity securities at the time of a capital distribution.