ALPHABET STOCK
\ˈalfəbˌɛt stˈɒk], \ˈalfəbˌɛt stˈɒk], \ˈa_l_f_ə_b_ˌɛ_t s_t_ˈɒ_k]\
Sort: Oldest first
-
Separate classes of COMMON STOCK issued by a company, where each class (often denoted by a letter of the alphabet) represents a different subsidiary. Investors in an alphabet stock receive the RENT RIGHTS and CONTROL RIGHTS associated with that stock, but not those of the overarching parent company. See also CLASSIFIED STOCK.
By Henry Campbell Black
Word of the day
hydromorphic
- [Greek] Structurally adapted to an aquatic environment, as organs of water plants.