<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.).
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