payment of dividends
61American Depositary Receipts — Certificates issued in the USA representing the right to ownership of shares in a UK (or other foreign) company. A bank will buy shares in a UK company and issue receipts into the USA in respect of those shares. Typically, one ADR will represent… …
62annual general meeting — AGM An annual meeting of the shareholders of a company, which must be held every year; the meetings may not be more than 15 months apart. Shareholders must be given 21 days notice of the meeting. The usual business transacted at an AGM is the… …
63legal capital — In the USA, the amount of stockholders equity, which cannot be reduced by the payment of dividends. This is the value of a company s shares in the balance sheet …
64non-ratio covenant — A form of covenant in a loan agreement that includes conditions relating to the payment of dividends, the granting of guarantees, disposal of assets, change of ownership, and a negative pledge. Breaching such a covenant will usually empower the… …
65annual general meeting — AGM An annual meeting of the shareholders of a company, which must be held every year; the meetings may not be more than 15 months apart. Shareholders must be given 21 days notice of the meeting. The usual business transacted at an AGM is the… …
66legal capital — In the USA, the amount of stockholders equity, which cannot be reduced by the payment of dividends. This is the value of a company s shares in the balance sheet …
67preferred ordinary share — A share issued by some companies that ranks between a preference share and an ordinary share in the payment of dividends …
68preference — /ˈprɛfərəns / (say prefuhruhns), /ˈprɛfrəns / (say prefruhns) noun 1. the act of preferring; estimation of one thing above another; prior favour or choice. 2. the state of being preferred. 3. that which is preferred; the object of prior favour or …
69top-heavy — /ˈtɒp hɛvi/ (say top hevee) adjective 1. having the top disproportionately heavy; liable to fall from too much weight above. 2. Finance a. having a financial structure overburdened with securities which have priority in the payment of dividends.… …
70distribution of income — /ˌdɪstrɪbju:ʃ(ə)n əv ɪnkʌm/ noun payment of dividends to shareholders …
