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Jerome worked for Kerasic Corp.He left that job,however,when he received the promise of better pay from Goldshlager Inc.Goldshlager may be liable to Kerasic as long as,among other things,Goldshlager should have known that Jerome had a contract of employment with Kerasic.
New Shares
Additional shares of stock issued by a company to raise capital or in connection with a stock split.
Noncontrolling Interest
A minority stake in a company that is not enough to exert control over its operations, often less than 50% of the voting shares.
Cumulative Dividend
A type of dividend that accumulates if not paid in one period and must be satisfied before dividends can be distributed to common shareholders.
Preferred Stock
A class of ownership in a corporation with a fixed dividend payout, which takes precedence over common stock dividends.
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