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Public CompanyA company that has held an initial public offering and whose initial public offeringinitial public offering on a stock exchange or in the over-the-counter market. Public companies are subject to periodic filing and other obligations under the federal securities laws.Public Company Similar MatchesMutual companyMutual companyA corporation that is owned by a group of members and that distributes income in proportion to the amount of business that members do with the company. Open ended investment companyOpen ended investment company'OEICs' are hybrid investment funds that have some of the features of an investment trust and some of a unit trust.Like investment trusts, OEICs are companies that issue shares on the London Stock Exchange, and which use the money raised from shareholders to invest in other companies. Unlike investment trusts, they are open-ended which means that when demand for the shares rises the manager just issues more shares. With an investment trust, if demand exceeds supply, the response may be a rise in the share price.The price of OEIC shares is determined rather differently. More like a unit trust, in fact, with the key factor being the value of the underlying assets of the fund. But in contrast to unit trusts, there is no bid/offer spread with OEICs, so the price of the shares should be the same whether you are buying or selling.OEICs are popular on the continent but were only launched in the UK in 1997. There are around 300 up and running, with a wide range of investment objectives. You can put an OEIC into an ISA. Shell companyShell companyA company which exists in name only and which has ceased to trade. Shell companies are at their most interesting when they are listed on a stock exchange, because they provide a cheap way for another company to acquire a listing by 'reversing' into the shell. Rumours perpetually surround listed shells, and their share prices can be quite volatile as investors get excited at the prospect of a reversal. Consumer finance companyConsumer finance companySee: Finance company Income investment companyIncome investment companyA management company focused on managing a mutual fund whose primary purpose is income generation, typically investing in bonds and high dividend yielding stocks. Further SuggestionsDepository Trust CompanyTrust company Intercompany loan Emerging Company Marketplace (ECM) Leveraged investment company quoted company Investment Company Act of 1940 limited company Public Utility Holding Company Act of 1935 company pension scheme Company doctor Company Blue chip company Company Announcements Office Closed end management company single company PEP Closed end management company nominee company Intercompany transaction Diversified investment company Export management company investment company Registered investment company Company specific risk Export Trading Company (ETC) |
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