Examlex
What is the purpose of a business?
Common Stock
A type of equity security that represents ownership in a corporation, granting holders voting rights and a share in the company's profits through dividends.
Paid-in Capital
Funds received by a company in exchange for shares of its stock, representing the capital contributed by shareholders beyond the par value of the shares.
Organization Expense
Costs associated with the formation of a corporation or business, such as legal fees, registration fees, and initial promotional activities.
Paid-in Capital
The amount of capital "paid in" by investors during common or preferred stock issuances, including the par value of the shares themselves and any amount paid over par value.
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