Equity securities: Difference between revisions
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[[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 | [[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]]. | ||
{{Seealso}} | {{Seealso}} | ||
Revision as of 10:34, 12 March 2018
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.