Business, Legal & Accounting Glossary
Shares in a credit union that are not considered as being securities, however, these shares do represent ownership in that credit union by its members. For example, when you deposit funds into an account, they are not represented as dollars but as shares. A $5 deposit is equal to $5 in shares.
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This glossary post was last updated: 20th November, 2021 | 0 Views.