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Ordinary shares
Ordinary sharesA share entitling its holder to a dividend, if any, after the payment of the fixed dividend in respect of preference shares. Ordinary shares carry the residual economic value of a company. They carry rights to distribution of profits through dividends, to the surplus assets of a company on a winding up and to votes at general meetings of the company. resolution passed by a simple majority of members present at a general meeting of a company is known as an Ordinary Resolution. RELATED TERMS-------------------------------------- Share A portion of anything. Sometimes shares are equal, at other times they are unequal. Holder The holder of a bill of exchange is the person who is legally in the possession of it, either by endorsement or delivery, or both, and entitled to receive payment either from the drawee or acceptor, and is considered as an assignee. 4 Dall. 53. And one who endorses a promissory note for collection, as an agent, will be considered the holder for the purpose of transmitting notices. Dividend A portion of the principal, or profits, divided among several owners of a thing. Payment 1) Contracts. That which is given to execute what has been promised; or it is the fulfilment of a promise. Solvere dicimus cum quis fecit, quod facere promisit. But though this is the general acceptation of the word, yet by payment is understood, every way by which the creditor is satisfied or ought to be, and the debtor, liberated for example, an accord and satisfaction will operate as a payment. 2) Pleadings. The name of a plea by which the defendant alleges that he has paid the debt claimed in the declaration; this plea must conclude to the country. Preference The paying or securing to one or more of his creditors, by an insolvent debtor, the whole or a part of their claim, to the exclusion of the rest. By preference is also meant the right which a creditor has acquired over others to be paid first out of the assets of his debtor, as, when a creditor has obtained a judgment against his debtor which binds the latter's land, he has a preference. Ordinary Civil and Ecclesiastical law. An officer who has original jurisdiction in his own right and not by deputation. Value Common law. This term has two different meanings. It sometimes expresses the utility of an object, and some times the power of purchasing other good with it. The first may be called value in use, the latter value in exchange. Company An association of a number of individuals for the purpose of carrying on some legitimate business. Distribution By this term is understood the division of an intestate's estate according to law. Profits In general, by this term is understood the benefit which a man derives from a thing. It is more particularly applied to such benefit as arises from his labor and skill. Surplus That which is left from a fund which has been appropriated for a particular purpose; the remainder of a thing; the overplus the residue. Assets Cash, property and investments along with anything else that may be of value to a individual or business. General 1) A principal officer, particularly in the army. 2) Something opposed to special; as, a general verdict, the general issue, which expressions are used in contradistinction to special verdict, special issue. 3) Principal, as the general post office. 4) Not select, as a general ship. 5) Not particular, as a general custom. 5) Not limited, as general jurisdiction. 7) This word is sometimes annexed or prefixed to other words to express or limit the extent of their signification; as Attorney General, Solicitor General, the General Assembly. Resolution 1) A solemn judgment or decision of a court. This word is frequently used in this sense, in Coke and some of the more ancient reporters. It also signifies an agreement to a law or other thing adopted by a legislature or popular assembly. 2) Civil law. The act by which a contract which existed and was good, is rendered null. Simple Not compounded, alone; as, simple interest, which is interest on the principal sum lent only and not interest on the interest; simple contract, &c. Majority 1) Persons. The state or condition of a person who has arrived at full age. He is then said to be a major, in opposition to minor, which is his condition during infancy. 2) Government. The greater number of the voters; though in another sense, it means the greater number of votes given in which sense it is a mere plurality. Members English law. Places where a custom-house has been kept of old time, with officers or deputies in attendance; and they are lawful places of exportation or importation. Present A gift, or wore properly the thing given. It is provided by the constitution of the United States, that "no person holding any office of profit or trust under them, [the United States] shall, without the consent of congress, accept of any present, emolument, or office, or title of any kind whatever, from any king, prince, or foreign state." SIMILAR TERMS-------------------------------------- Ordinance Legislation. A law, a statute, a decree. Ordinance of 1787 An act of congress which regulates the territories of the United States. Some parts of this ordinance were designed for the temporary government of the territory north-west of the river Ohio while other parts were intended to be permanent, and are now in force. Ordinary Civil and Ecclesiastical law. An officer who has original jurisdiction in his own right and not by deputation. Ordinary resolution A resolution passed by a simple majority of members present at a general meeting of a company is known as an Ordinary Resolution. Ordination Civil and Ecclesiastical law. The act of conferring the orders of the church upon an individual. PREVIOUS AND NEXT TERMS-------------------------------------- Orders 1) Rules made by a court or other competent jurisdiction. The formula is generally in those words: It is ordered, &c. 2) Orders also signify the instructions given by the owner to the captain or commander of a ship which he is to follow in the course of the vovage. Ordinance Legislation. A law, a statute, a decree. Ordinance of 1787 An act of congress which regulates the territories of the United States. Some parts of this ordinance were designed for the temporary government of the territory north-west of the river Ohio while other parts were intended to be permanent, and are now in force. Ordinary Civil and Ecclesiastical law. An officer who has original jurisdiction in his own right and not by deputation. Ordinary resolution A resolution passed by a simple majority of members present at a general meeting of a company is known as an Ordinary Resolution. Ordinary shares Ordination Civil and Ecclesiastical law. The act of conferring the orders of the church upon an individual. Ordonnance de la marine An important piece of French maritime legislation, dating from 1681, codifying much of the French maritime law and practice. The best text concerning the Ordonnance de la Marine is the commentary written in 1760 by Rene-Josue Valin, who, at the time, was the King's advocate at the admiralty's headquarters in Larochelle, France. Ore tenus Verbally. orally. Formerly the pleadings of the parties were ore tenus, and the practice is said to have been retained till the reign of Edward the Third. Oregon The name of a territory of the United States of America. This terri- tory was established by the act of congress of August 14, 1848; and this act is the fundamental law of the territory. Organic law The fundamental law of a community or state, whether written or unwritten. We thank you for using the Juridical Dictionary to search for Ordinary shares. If you have a better definition for Ordinary shares than the one presented here, please let us know by making use of the suggest a term option. This definition of Ordinary shares may be disputed by other professionals. Our attempt is to provide easy definitions on Ordinary shares and any other medical topic for the public at large.
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