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Classified stock |
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Classified stockThe division of stock into more than one class of common stock, usually called Class A and Class B. The specific features of each class, which are set out in the charter and bylaws, usually give certain advantages to the Class A shares, such as increased voting power.Classified stock Similar MatchesClassified BoardClassified BoardAlso known as Staggered Board is one in which, the directors are placed into different classes and serve overlapping terms. Since only part of the board can be ../../finance-glossary/d each year, an outsider who gains control of a corporation may have to wait a few years before being able to gain control of the board. This slow ../../finance-glossary/ment makes a classified board effectively delays takeovers. Sometimes known as a delay provision. Classified Property TaxClassified Property TaxProperty tax which varies in rate depending on the use (zoning classification) of the property. |
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