ALPHABET STOCK
\ˈalfəbˌɛt stˈɒk], \ˈalfəbˌɛt stˈɒk], \ˈa_l_f_ə_b_ˌɛ_t s_t_ˈɒ_k]\
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Separate classes of COMMON STOCK issued by a company, where each class (often denoted by a letter of the alphabet) represents a different subsidiary. Investors in an alphabet stock receive the RENT RIGHTS and CONTROL RIGHTS associated with that stock, but not those of the overarching parent company. See also CLASSIFIED STOCK.
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).