Letter of Renunciation Written notification through which a allottee-stockholder (shareholder) renounces or transfers to other stockholder(s) the securities allotted to him or her out of a new issue or a rights issue. These letters of renunciation can be sold in the market, if the company’s shliares are sought after and the terms of the rights offer are … [Read more...]
equities and investors : basic terms of stock trading
Equity Shareholders They are the owners of the company, sharing its risks, profits, and losses. They have a residual claim on the earnings and assets of the company. after all claims are met they are paid their share of profit , and in the event of the liquidation of the company they share whatever is left of the company after all its creditors have been paid. They enjoy … [Read more...]