Nil paid shares
Nil paid sharesA company's newly issued shares which can normally be transferred on a renounceable document.
Windfall sharesWindfall shares
Free shares issued to members of demutualised societies.
Partly paid sharesPartly paid shares
In privatisations it is usual for shareholders to pay for their shares in two or three instalments. Until the final instalment is made the shares are only partly paid.
Alpha sharesAlpha shares
A term previously given to the most actively traded shares on the London Stock Exchange along with beta, gamma and delta shares. This classification was replaced by the normal market size classification in January 1991.
Preference sharesPreference shares
Shares in a company which give their holders an entitlement to a fixed dividend but which do not usually carry voting rights. The important difference between preference and ordinary shares are:The dividend on ordinary shares is uncertain and variable (high when the company does well, poor or non-existent when it does badly). Preference shareholders get a fixed dividend which, if not paid, usually accrues until it can be.Each ordinary share usually carries a vote. Preference shares do not usually carry a vote unless dividends fall into arrears.In the event of a winding up, preference shares are usually repayable at par value, and rank above the claims of ordinary shareholders (but behind bank and trade creditors).Preference shares may be issued with the right of conversion into ordinary shares. These are called convertibles.
Capital sharesCapital shares
Shares which entitle the holder to receive the capital appreciation from a split capital investment trust. The other type of shares in such a fund are income shares which receive the fund's income.
Further SuggestionsShares authorized
Class A or Class B shares
participating preference shares
cumulative preference shares
stepped preference shares
redeemable preference shares
Equal shares swap
permanent interest bearing shares
guilder shares (New York Shares)