Financial key terms
and definitions
Defined Financial information
and glossary
Please see specific financial
information below
Finance and Trading:
Quarterly Report
An unaudited document that is required by the SEC for all
U.S. public companies. The report is issued quarterly by the
company and reports the financial results for the quarter
and noting any significant changes or events in the quarter.
Quarterly reports contain financial statements, a discussion
from the management, and a list of material events that have
occurred with the company.
Quorum
The minimum number of shares voted by shareholders, either
in person or by proxy, required to conduct business at a
shareholder meeting.
Rate
1) With regard to dividends: the cash amount per share
declared by a corporation and paid to its shareholders;
2) With regard to reorganizations: the exchange rate a
corporation pays (in cash and/or shares) to shareholders for
their shares in a merger, redemption, tender or other offer.
Record Date
The date set by the issuing company on which an individual
must own shares in order to be eligible to receive
dividends, proxies, rights, or other benefits elected by the
company’s Board of Directors.
Registered Owner
A registered owner is recorded on the books of the company
by the transfer agent. Registered owners are the opposite of
"street name" owners.
Restricted Stock
Certificates of stock that bear printed clauses on the
reverse side that refer to conditions that prevent the sale,
transfer or exchange of the shares unless certain
requirements are met. Restricted stock is also called "legended
stock". Shares can be restricted for many reasons including:
SEC insider trading provisions, lock-up agreements, and
performance agreements.
Returned by Post Office (RPO)
Items that have been returned to the sender by the Post
Office because they are undeliverable.
Reverse Split
A stock split that reduces the number of outstanding shares
of a company and increases the market price per share
proportionally. Typically, the purpose of a reverse split is
to increase the market price of the security.
Rights Agreement
An anti-takeover provision that is often implemented by a
company to prevent a hostile takeover. The company’s rights
agent will issue rights certificates to each shareholder
when the rights agreement is effected. A shareholder may
exercise their rights to receive additional shares of stock,
thus making the target company more expensive to acquire.
Also referred to as a "Poison Pill" provision.
Rights Offering
Offering of common stock to existing shareholders who hold
rights that entitle them to buy newly issued shares at a
discount from the price at which shares will later be
offered to the public.
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