Web www.software-risk.co.uk

This is stock over which the board of directors has broad authority to determine voting, dividend, conversion, and other rights. While it can be used to enable a company to meet changing financial needs, its most important use is to implement poison pills or to prevent takeovers by placement of this stock with friendly investors.

Copyright © 2005, Campbell R. Harvey. All Worldwide Rights Reserved. Do not reproduce without explicit permission.

Related Articles
Z
Second-preferred stock
Prior-preferred stock
Preferred stock
Preference share
Participating preferred stock
Participating dividend
Noncumulative preferred stock

Similar Areas

Finance Items

Selected Books

Keywords

Blank Check Preferred Stock

blank check

preferred stock