, Priority order upon liquidation
Preferred, ordinary
What are redeemable shares
offered by a company to shareholders that may be bought back by the company
at its election. Companies are permitted to issue ordinary shares that can be
redeemed, as long as conventional non-redeemable ordinary shares are also in
issue
Partly paid
each ordinary share has a nominal value, which represents the minimum amount
that the company must receive from subscribers on the issue of the shares.
Occasionally the company may not demand all the nominal value at issue, with
the shares then referred to as being partly paid
cumulative
right to receive the dividend is rolled over into the next period
participating
opportunity for further dividend
convertible
right to convert into ordinary shares
American depository receipts (ADR)
A used by non-US companies in order to encourage US Dollar investments to
buy an equity stake
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