A dividend paid to a dissolving corporation’s shareholders, usu. from the capital of the corporation, upon the decision to suspend all or part of its business operations. — Also termed liquidating dividend. [Cases: Corporations 629. C.J.S. Corporations §§ 875–878.]
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liquidation dividend 偿金；清算分配的股利 指公司或企业解散，与其债务人及债权人进行清算，并将盈亏总额按比例分配或拨付给股东。 (=dividend in liquidation) (→liquidating dividend)
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A class of stock giving its holder a preferential claim to dividends and to corporate assets upon liquidation but that usu. carries no voting rights. — Also termed preference shares. Cf. common stock. [Cases: Corporations 156. C.J.S. Corporations § 158.]
A class of stock entitling the holder to vote on corporate matters, to receive dividends after other claims and dividends have been paid (esp. to preferred shareholders), and to share in assets upon liquidation. • Common stock is often called capital stock if it is the corporation’s only class of stock outstanding. — Also termed