Under SEC Rules, a "Publicly Held Company" Is a Company

question 165

Multiple Choice

Under SEC rules, a "publicly held company" is a company:

• A) with all its securities held by public, not private, investors
• B) that has issued securities that are publicly traded
• C) that is owned by the New York Stock Exchange
• D) with financial assets belonging only to public institutions
• E) that only sold its securities initially to public, as opposed to private, investors

---

Definitions:

Merchandise Sale

The transaction of selling goods that are purchased for resale by a business.

Promissory Note

A financial instrument containing a written promise by one party to pay another party a definite sum of money either on-demand or at a specified future date.

Promissory Note

A financial document in which one party promises in writing to pay a determinate sum of money to the other, either at a fixed or determinable future time or on demand of the payee, under specific terms.

Accrued Interest

The interest that has accumulated on a debt over a period of time but has not yet been paid.