unit 7: limited companies Flashcards
1
Q
issue (shares)
A
sale of new shares
2
Q
constitution
A
rules that state clearly how a limited company should be structured & governed
3
Q
certificate of incorporation
A
document needed before a new company can start trading
4
Q
takeover
A
to gain control over a company by buying most of its shares
5
Q
public limited company
A
has shares available to the public to buy on the stock exchange
6
Q
institutional investor
A
large organisation that invests large amounts of money in shares
7
Q
prospectus
A
document produced by a company that wants the public to buy its shares
8
Q
underwriter
A
institution that agrees to buy any unsold shares for a fee, resulting from a flotation
9
Q
administrative expenses
A
10
Q
flotation
A
