| A | B |
|---|
| articles of incorporation | Application to a state for a corporate charter. |
| bonds | Long term notes a corporation issues. |
| business judgment rule | Rule that protects management from being personally held criminally or civilly liable for a business decision made within the scope of power and authority granted by the corporate charter and applicable laws. |
| bylaws | Rules for the internal organization and management of a corporation. |
| common stock | Basic stock in a corporation conveying the right to vote and to receive dividends to its owner. |
| consolidation | Combination of two companies into one new one. |
| debentures | Unsecured bonds. |
| directors | Individuals elected by the shareholders to be responsible for the overall direction of the corporation. |
| dividends | Distributions of corporate earnings. |
| incorporators | Signers of the articles of incorporation. |
| liquidation | Process by which a corporation's life is ended. |
| merger | Combination of corporations in which one absorbs another. |
| preemptive rights | Enables shareholders to protect their proportionate voting power and interest in past and future profits. |
| preferred stock | Non-voting stock conveying the right to receive a stipulated dividend before any common shareholders receive their dividends. |
| promoters | Those who sell a business idea and the corporation form for it. |
| proxy | Power to vote shares for shareholders. |
| shareholder | Person owning a share of stock of a corporation. |
| shares of stock | Units of ownership in a corporation. |
