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Herb,a computer programmer for Inventory Control Corporation,is arrested in his employer's parking lot on suspicion of larceny. Herb must be informed of his right to
Preemptive Rights
Rights that allow shareholders to purchase additional shares in a company before the company offers them to the public, protecting their ownership percentage from dilution.
Transferability
The ability of an asset or property right to be sold or otherwise transferred from one party to another.
Watered Stock
Shares issued by a company at a value much greater than its asset worth, inflating its apparent value without actual backing.
Fair Market Value
An estimate of the market value of a property, based on what a knowledgeable, willing, and unpressured buyer would likely pay to a knowledgeable, willing, and unpressured seller in the market.
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