investment. 1. An expenditure to acquire property or assets to produce revenue; a capital outlay. [Cases: Contracts 193.] fixed-dollar investment. An investment whose value is the same when sold as it was when purchased. • Examples are bonds held to maturity, certain government securities, and savings accounts. fixed-income investment. An investment (including preferred stock) that […]
A security (usu. a bond or preferred stock) that may be exchanged by the owner for another security, esp. common stock from the same company, and usu. at a fixed price on a specified date. — Also termed (specif.) convertible debt; convertible stock. [Cases: Securities Regulation 53.16(10).]
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preference share 优先股 其持有人享有一定优先权，或者先于普通股股东按固定利率分红，或者在公司清算时优先分配财产，也可兼有这两方面的优先权。 (=preferred stock)
优先股 英语：preferred stock (US)/preference shares (UK) 法语：actions privilégiées, de priorité 德语：Vorzugsaktien 意大利语：azioni privilegiate 西班牙语：acciones preferentes
preferential dividend 优先股股利(→preferred stock)
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recapitalization, n. An adjustment or recasting of a corporation’s capital structure — that is, its stocks, bonds, or other securities — through amendment of the articles of incorporation or merger with a parent or subsidiary. • An example of recapitalization is the elimination of unpaid preferred dividends and the creation of a new class of
majority rule. 1. The principle that a majority of a group has the power to make decisions that bind the group; the principle that in the choice of alternatives, the one preferred by the greater number is selected. • It is governance by the majority of those who actually participate, regardless of the number entitled
call-protection clause. A clause in a bond issue or a callable-preferred-stock issue prohibiting the issuer from recalling the security during a specified period. [Cases: Corporations 68, 473. C.J.S. Corporations §§ 177, 180–183, 670.]
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