The Jolly Contrarian’s Glossary
The snippy guide to financial services lingo.™
Index — Click the ᐅ to expand:
Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

Template:Eqderivanat Shares or stock in an undertaking evidencing ownership and not merely indebtedness. Shares are generally at the bottom of the capital structure — at any rate further down it than a normal contract for indebtedness like a loan or a bond.

See also