? Conversion of shares into stock

Hi,

using british-english: what does this mean ?

Are stocks expected to yield a fixed dividend perhaps ?

Whereas shares entitle the holder to a 'share' of the ordinary divs. ?

PS. when is the transfer of shares in a private (non-listed) company
acheived ?

Can such shares be 'foised' on a transferee ?

Surely the transferee must also sign ?

Thanks for any answers,

-- Chris Glur.

<eas-> wrote in message news:
> Hi,
> using british-english: what does this mean ?
>
> Are stocks expected to yield a fixed dividend perhaps ?
>
> Whereas shares entitle the holder to a 'share' of the ordinary divs. ?
>
> PS. when is the transfer of shares in a private (non-listed) company
> acheived ?
>
> Can such shares be 'foised' on a transferee ?
>
> Surely the transferee must also sign ?
>
> Thanks for any answers,
>
> -- Chris Glur.


not sure what the question is - in US stocks and shares mean essentially
the same thing,
"private company" means just the shares are not traded on an exchange

you should try the finance NG.

<eas-> wrote in message
news:3efeb3f0$0$...
> Hi,
>
> using british-english: what does this mean ?
>
> Are stocks expected to yield a fixed dividend perhaps ?
>
> Whereas shares entitle the holder to a 'share' of the ordinary divs. ?
>
> PS. when is the transfer of shares in a private (non-listed) company
> acheived ?
>
> Can such shares be 'foised' on a transferee ?
>
> Surely the transferee must also sign ?
>
> Thanks for any answers,
>
> -- Chris Glur.
>

<eas-> wrote in message
news:3efeb3f0$0$...
> Hi,
>
> using british-english: what does this mean ?
>
> Are stocks expected to yield a fixed dividend perhaps ?
>
> Whereas shares entitle the holder to a 'share' of the ordinary divs. ?
>
> PS. when is the transfer of shares in a private (non-listed) company
> acheived ?
>
> Can such shares be 'foised' on a transferee ?
>
> Surely the transferee must also sign ?
>
> Thanks for any answers,
>
> -- Chris Glur.
>

There are all sorts of stocks and shares - convertible, preference,
deferred, ordinary, fully / partly paid etc.

Often debtors will convert debts into shares (risk capital, normally
receiving dividends) or stock (fixed interest, fixed or variable term
bonds). Stocks and bonds may or may not be convertible, and if so may be
convertible at the company or the owners option, or some fixed event (take
over, flotation etc.).

If the stock is of the form of debentures then in the event of insolvency
the debenture holders get paid out before the shareholders.

Normally transfer is effected (but not registered) at the instant of sale,
but if there is no consideration when the stock transfer form is registered.

You can't be foisted with shares, but if you accept transfer you get them as
they come (including liability to pay up etc.).

<eas-> wrote in message
news:3efeb3f0$0$...
> Hi,
>
> using british-english: what does this mean ?
>
> Are stocks expected to yield a fixed dividend perhaps ?
>
> Whereas shares entitle the holder to a 'share' of the ordinary divs. ?

Stock is not a term or mechanism that is widely used any more, but it was
once more common, certainly in 19th century and earlier 20th century company
activity.

Stock is a collection of shares expressed in units of money. A share can't
be divided to be traded, whereas a holder of stock could divide it into
amounts of any value.

According to a text book I have, Undertsanding Company Law, Lipton and
Herzberg, The Law Book Company 1991:

"conversion of shares into stock simplified the task of maintaining the
company's register of members. The register then needed to show only the
amount of stock each member held rather than each share consecutively
numbered."