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Glossary

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z




Par Value
   Bears no relation to the market price, this is the issued price of a security.

Parent Corporation
   A corporation owning either outright or can control a subsidiary.

Partnership
   Two or more persons or entities joined together to form a business organization.

Partnership Agreement
   A partnership agreement is a written contract between partners that indicate the precise terms and conditions of the partnership

Patent
   Patent is a property right granted by the government that provides the holder the exclusive right to prevent others from using or sale of a certain property

Preemptive Rights
   This is the right of an existing shareholder to buy additional shares of stocks.

Preferred Stock
   Some corporations issue this kind of secondary class of stock. This kind of stock usually has limited rights and no voting privileges.

Professional Corporation
   Members of this corporation are licensed professionals, like doctors, lawyers, accountants, etc.

Professsional Corporation
   This type of corporation is created for the purpose of practicing a profession in law, medicine or other professions that meet the states' requirements

Proxy
   A shareholder giving an individual the authority to vote in his behalf.

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