UK Accounting Glossary
stock other than preferred stock; entitles the owner to a share of the corporation’s profits and a share of the voting power in shareholder elections.
Ordinary shares represent ownership in a limited liability company.
Upon winding-up, they are entitled to two thirds of the balance of the company’s assets after £1 million has been distributed to the owners of ordinary shares.
These shares offer dividends like ordinary shares but unfortunately don’t allow their holders either voting power or representation.
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This glossary post was last updated: 23rd December 2018.