corporations

A share is a specific portion of money or other capital.

A shareholder is a person who owns stock in a corporation.

[Last reviewed in June of 2024 by the Wex Definitions Team]

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A shareholder derivative suit, or a stockholder’s derivative action, or is a lawsuit filed by a shareholder on behalf of the corporation against directors, officers, or  

A shareholder meeting is a required meeting held by the shareholders of a company to discuss the arrangements of the company or to vote in the election of board members. The shareholders should participate in the meeting in person; however, shareholders or proxy holders who are unable to be physically present may vote remotely.

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Sherman Antitrust Act of 1890 is a federal statute that prohibits activities that restrict interstate commerce and competition in the marketplace.

• antitrust
• Sherman Antitrust Act
• antitrust law
• monopoly

Strategic Lawsuit Against Public Participation (SLAPP suit) refers to lawsuits brought by individuals and entities to dissuade their critics from continuing to produce negative publicity. By definition, SLAPP suits do not have any true legal claims against the critics. People bring SLAPP suits because they can either temporarily prevent their critics from making public statements against them or more commonly to make critics spend all of their time and resources defending the SLAPP suits.

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A Special Purpose Acquisition Company (SPAC) is a publicly traded shell company, most often incorporated in the state of Delaware, that enables taking a private company public through a reverse merger.

The Standard and Poor’s 500 (S&P 500) is a stock market index that tracks the performance of 500 of the largest publicly traded U.S. companies, ranked by market capitalization.

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.

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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.  

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