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CORPORATIONS 1

Definitions of Terms

AB
Corporationbusiness owned by a group of people
Charterofficial document granted by a state to run a corporation
Stockholdersshareholders--own stock in a corporation
Dividendsprofits distributed to stockholders
Board of Directorselected by stockholders to run corporation
Officersappointed by Board of Directors
CEOchief executive officer
Close Corporationshares of stock not offered to public

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