In the USA, the equivalent of the ordinary shares in a public company or privately held firm that give the holders voting and dividend rights. Common stock holders are paid after bondholders and the holders of preferred stock in the event of corporate bankruptcy.
The shares issued to the founders of a company, often carrying special dividend rights and voting rights, offering an incentive for sustained involvement and control by the original founders.
A non-participating preference share refers to a type of preference share that does not entitle the shareholder to participate in the excess profits of a company beyond a predetermined fixed rate of dividend.
