Examlex
What was the result in the case of U.S. v. Park, the case in which the defendant, the president of a national food-chain corporation, claimed he should not be held liable for allowing food in a warehouse to be exposed to rodent contamination because he had delegated responsibility to subordinates?
Non-cumulative Preferred Stock
A type of preferred stock where dividends are not accumulated if they are not declared.
Par Value
The nominal or face value of a stock or security at issuance, which may not reflect its actual market value.
Common Stock
A type of equity security that represents ownership in a corporation, with holders typically having voting rights and entitlement to dividends.
No-par Value
Refers to stocks issued without a nominal or face value, where the market value is determined by investor demand.
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