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stockIn botany, any of a group of herbaceous plants commonly grown as garden ornamentals. Many cultivated varieties, including simple-stemmed, queen's, and ten-week stocks, have been derived from the wild stock (M. incana); night-scented (or evening) stock (M. bicornis) becomes aromatic at night. (Genus Matthiola, family Cruciferae.) stockIn the US, each share of stock represents proportional ownership in a corporation. Once offered by a corporation going public, stock can be bought and sold on a stock exchange, but the corporation has no obligation to buy it back. Sold to raise capital, stock gives the holder specified rights, including the right to examine the books and the right to vote for the directors. Dividends can be paid, in cash or in stock, when the corporation declares a profit. stock
stock
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XL Capital also will sell $745 million of equity security units, valued at $25 a unit. The proposals would require domestic companies with a class of equity security registered under Sec. 115, Accounting for Certain Investments in Debt and Equity Securities, of an equity security having a readily determinable fair value. |
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