Examlex
A historical exchange rate for common stock of a foreign subsidiary is best described as
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.
Business Judgment Rule
A legal principle protecting corporate directors and officers from liability for decisions made in good faith and in the best interest of the company.
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