A right granted to purchase stock in the future at a specified price. If the option owner chooses to exercise the option, he or she must pay the purchase price of the shares and request their issuance by the corporation. … [Read more...] about STOCK OPTION
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STIPITAL
Relating to stirpes, roots, or stocks. "Stipital distribution" of property is distribution per stirpes; that is, by right of representation. … [Read more...] about STIPITAL
STOCK SPLIT
When a stock is at a high price, a common practice is to split the shares by offering two shares for one and thus reducing the price of each share by 50%, making it potentially more marketable and salable at a lower price. … [Read more...] about STOCK SPLIT
STIPULATED DAMAGE
Liquidated damage agreed to in a contract. … [Read more...] about STIPULATED DAMAGE
STOCKHOLDER
A person who owns shares of stock in a corporation or Joint-stock company. See Mills v. Stewart, 41 N. Y. 386; Ross v. Knapp, etc., Co., 77 111. App. 424; Corwith Culver, 69 111. 502; Hirsh-feld v. Bopp, 145 N. Y. 84, 39 N. E. 817; State Hood, 15 Rich. Law (S. C.) 180. The owners of shares in a corporation which has a capital stock are called "stockholders." If a corporation … [Read more...] about STOCKHOLDER