COMMERCE

statement of change in equity

A statement of change in equity (also referred to as statement of retained earnings) is a business' financial statement that measures the changes in owners’ equity throughout a specific accounting period. It covers the following elements:...

statute of frauds

A statute requiring certain contracts to be in writing and signed by the parties bound by the contract. The purpose is to prevent fraud and other injury. The most common types of contracts to which the statute applies are contracts that involve the...

stipulation

Stipulation generally means an agreement, a bargain, proviso, or condition. If the stipulation complies with an applicable statute or rule of court, it will be binding. A stipulation could mean a fact, promise, or provision in a contract...

stock

A stock is the share in the ownership of a corporation. Commonly the ownership of a corporation is divided into shares of a definite value, like 10 dollars per share. The charter of the company will define how many shares and classes of...

stock certificate

A stock certificate is a printed certificate issued by a corporation to a shareholder, documenting ownership in a stated number of shares of that corporation's stock. It must be noted that generally the courts consider stock certificates...

stock dividend

A Stock dividend refers to corporate dividends compensating shareholders or employees in the form of stocks instead of money. Companies issue stock dividends typically in the form of a certain percentage per share. For example, a company may...

stock in trade

Stock in trade may be used to refer to the inventory held by a business for sale in the ordinary course of business, or the equipment, materials, and tools required for the performance of a trade (tools of trade).

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stock option

Definition from Nolo’s Plain-English Law DictionaryThe right to purchase stock in the future at a price set at the time the option is granted (by sale or as compensation by the corporation). To actually obtain the shares of stock the owner of the option...

stock purchase agreement

A stock purchase agreement is a contract under which a seller transfers stock of a corporation to a buyer.

Although the content of a stock purchase agreement may vary in complexity depending on the sophistication of the...

stockholder

A stockholder, also called a shareholder, is a person who owns stock in a corporation.

The stockholder has several rights; including the right to vote for board members, the right of receiving interest and dividends from...

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