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LSDefine

Simple English definitions for legal terms

common stock

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A quick definition of common stock:

Common stock is a type of ownership in a company. People who own common stock are called shareholders. They have the right to vote for who will be on the company's board of directors. They also have the right to get a share of the company's profits, called dividends, when the board of directors decides to pay them. If the company goes out of business, shareholders may get some of the money left over after the company pays its debts and other obligations.

A more thorough explanation:

Common stock is a type of stock that represents ownership in a company. People who own common stock are called shareholders and they have certain rights:

  • Voting rights: Shareholders can vote to elect the members of the board of directors. Usually, each share of common stock gives the shareholder one vote. However, this can be changed in the company's charter.
  • Dividends: Shareholders may receive a portion of the company's profits in the form of dividends. The company's board of directors decides when to pay dividends and how much to pay.
  • Asset ownership: If the company goes bankrupt and has to sell its assets, shareholders may have a claim to some of the money from the sale. However, creditors and owners of preferred stock get paid first.

For example, let's say you own 100 shares of common stock in a company. You would have the right to vote for the board of directors, and if the company made a profit, you might receive a dividend. If the company went bankrupt and had to sell its assets, you might be able to get some of the money from the sale, but only after the creditors and preferred stock owners were paid.

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you shouldn't apply to anywhere you wouldn't realistically go if it was your only offer
for sure, thank you a lot. Have fun at michigan that will be awesome!
NosyBeagle
17:13
it is 4pm here so it's time for nyt sudoku (I'm not good at sudoku either)
omg i just did the wordle and mini
NosyBeagle
17:14
love nyt games
SAMEEEEE
NosyBeagle
17:14
i do them in between studying to keep sane
@RasheedWallaceFan: take your list and research the city, campus, tuition, bar passage, employment by sector, etc.!!! it might help you narrow down your school choices
also don't pay much attention to the people on reddit. there's genuinely good advice but there's a ton of people who are just energy vampires (average reddit user)
@NosyBeagle: that is so real
me playing a mobile game after a 7sage section
NosyBeagle
17:26
i have or im gonna get the lsat blues
NosyBeagle
17:26
lol
17:30
I already have the LSAT blues... not as much as I am going to have between June 7 and June 25 though :P
17:31
The real reason why lawyers are alchoholics... Because there is so much of a wait time between tests and scores.
NosyBeagle
17:48
i already became one in undergrad so ill fit right in
Are the 7sage app requirements as far as essays go accurate? I would love to spend my summer preparing my applications but I dont want to waste time writing essays that wont be there. Is there a way to know what will be on the apps, or when those apps will be available to view? Or should I just focus on my PS and DS for now?
@RasheedWallaceFan: they were accurate for me, but school requirements change year to year and there's no way for anyone to know for sure
NosyBeagle
18:22
how far can i get if I type "please" on a word doc 500 times
okay sabrina carpenter
NosyBeagle
18:32
lmao
NosyBeagle
18:37
oh yeah my shift is almost over im gonna go to sleep immdiately
@RasheedWallaceFan: refer to school website, of course
@windyMagician: swagjacker
22:27
yall ever wish you were an all powerful dictator
22:27
i think id be a good dictator
22:27
whip this place into shape
0:11
this place is tamer than a petting zoo when all the animals are alseep
Buck-Mah-Futt
0:46
Get lit @llama https://soundcloud.com/torzx/1000a
Buck-Mah-Futt
0:49
The fighting temptation sample is so much better than the original https://www.youtube.com/watch?v=QVX_ZkLbIuk
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