CFA 2 Flashcards
prospectus
a document produced by a company that wants the public to buy its shares
legal offering document
contain
The thieves stole a purse containing banknotes.
if something such as a bag, box, or place contains something, that thing is inside it
legal affairs
proposed changes
Allegations of sexual harassment have led to disciplinary proceedings being taken against three naval officers.
substance
the right to cast its vote
the right
to cast its vote
concrete
committee
interim
instruction
deteriorate
quarterly
semiannually
recurrence
non-recurring events
an occasion when something that has happened before happens again
narrative
commencement
The threat of litigation can be a deciding factor in some business decisions.
abbreviated
Orders were passed to the commander at the front in an abbreviated form
Sea Ltd
Ltd
The term “Ltd” stands for “Limited” and is used to denote a type of company structure where the liability of shareholders is limited to the amount they have invested in the company. This means that shareholders are not personally responsible for the company’s debts and liabilities beyond their investment in the company’s shares. In many countries, including the United Kingdom, “Ltd” is commonly used in the names of private limited companies.
In September 2017, Sea Ltd, the Singapore-based
take a look to upon sentence structure
initial public offering of securities
denominated
1.to express an amount of money using a particular unit
2.(formal) to give something a particular name or description
denominated in U.S. dollars
depositary
depositary bank
A person or body receiving something in trust; a trustee
ex: I have never been the depositary of her plans and secrets
American Depositary Shares
American Depositary Receipts
American Depositary Shares (ADS) are equity shares in a non-U.S. company that are held by a U.S. bank and can be bought by U.S. investors. These shares are issued by U.S. banks and represent a specific number of shares in a foreign company. ADSs trade on American stock exchanges like any domestic stock
Currency: Although ADSs are denominated in U.S. dollars, there is still some currency risk involved