Match the Terms to the Definitions

question 166

Multiple Choice

Match the terms to the definitions.
-Authorization for the corporation to redeem preferred shares in the future.

• A)Authorized shares
• B)Issued shares
• C)Outstanding shares
• D)Par value
• E)Stated capital (legal capital)
• F)Preemptive right
• G)Retained earnings
• H)Stock split
• I)Stock option
• J)Stock warrant
• K)Treasury stock
• L)Call provision
• M)Earnings per share
• N)Dividend yield ratio
• O)Dividend payout ratio

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Definitions:

Substitute For Money

An alternative to traditional currency that is accepted as a medium of exchange, such as cryptocurrencies, barter items, or digital payment systems.

England

A country that is part of the United Kingdom, known for its rich history, cultural heritage, and as the birthplace of the English language.

Negotiable Instrument

This is a written promise to pay a specified amount of money, which can be demanded at any time or at a specified future date, with the payer's name clearly stated on it.

UCC 3-103(a)(9)

Defines "instrument" within the context of the Uniform Commercial Code, focusing on negotiable instruments, including checks, drafts, and notes, detailing their formal requirements and effects.