COMMERCE
stock
A stock is the share in the ownership of a corporation. Commonly the ownership of a corporation is divided into shares of a definite value, like 10 dollars per share. The charter of the company will define how many shares and classes of shares will be issued.
stock certificate
A stock certificate is a printed certificate issued by a corporation to a shareholder, documenting ownership in a stated number of shares of that corporation's stock. It must be noted that generally the courts consider stock certificates distinct from the stock they represent and are merely tangible evidence of stock.
stock dividend
A Stock dividend refers to corporate dividends compensating shareholders or employees in the form of stocks instead of money. Companies issue stock dividends typically in the form of a certain percentage per share. For example, a company may issue a stock dividend of 3%, meaning that someone with 100 shares would receive three more shares.
stock in trade
Stock in trade may be used to refer to the inventory held by a business for sale in the ordinary course of business, or the equipment, materials, and tools required for the performance of a trade (tools of trade).
stock option
A stock option is a contract that allows a person to buy a specific number of stock/shares of a company at a specific price (known as the exercise price or strike price) for a set time period in the future. The price is typically determined at the time the stock option is initially offered.
stock purchase agreement
A stock purchase agreement is a contract under which a seller transfers stock of a corporation to a buyer.
stockholder
A stockholder, also called a shareholder, is a person who owns stock in a corporation.
stockholder's derivative action
A stockholder’s derivative action, or shareholder derivative suit, is a lawsuit filed by a shareholder on behalf of the corporation against directors, officers, or
storage lien
A storage lien is a security interest that may be acquired in property by someone who provides storage services for that property. The failure to pay for services as agreed may allow the lien holder to keep possession of the property involved.