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Private Corporation
A privately-owned company where ownership is either by non-governmental organizations or by a relatively small number of shareholders or company members which does not offer or trade its company stock (shares) to the general public on the stock market exchanges, but rather the company's stock is offered, owned and traded or exchanged privately.
Authorized Shares
The total number of shares that a corporation is legally allowed to issue, as specified in its articles of incorporation.
Subscribed
Term used to describe the commitment by investors or customers to purchase or subscribe to a company's stocks, services, or publications.
Preemptive Right
The right of existing shareholders to purchase additional shares of new stock before it is offered to the public to maintain their proportional ownership in the company.
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