1. S corporation: A domestic corporation that is recognized as a regular corporation under state law but is granted special status for federal income tax purposes.
2. Sarbanes Oxley Act of 2002: Legislation passed largely as a result of a number of accounting scandals. Among the many features is the creation of the Public Company Accounting Oversight Board. This board is charged to: (1) register public accounting firms; (2) establish, or adopt, by rule, auditing, quality control, ethics, independence, and other standards relating to the preparation of audit reports for issuers; (3) conduc...
3. Schedule 13d: Disclosure form required when more than 5% of any class of equity securities in a publicly held corporation is purchased.
4. SEC (Securities and Exchange Commission): The government body responsible for regulating the financial reporting practices of most publicly owned corporations in connection with the buying and selling of stocks and bonds. Federal agency that regulates the US financial markets. The SEC also oversees the securities industry and promotes full disclosure in order to protect the investing public against malpractice in the securities markets.
5. Securities Act of 1933: First law designed to regulate securities markets, requiring registration of securities and disclosure.
6. Securities Acts Amendments of 1975: Legislation to encourage the establishment of a national market system together with a system for nationwide clearing and settlement of securities transactions.
7. selling short: Selling a stock not actually owned. If an investor thinks the price of a stock is going down, the investor could borrow the stock from a broker and sell it. Eventually, the investor must buy the stock back on the open market. For instance, you borrow 1000 shares of XYZ on July 1 and sell it for $8 per share. Then, on Aug. 1, you purchase 1000 shares of XYZ at $7 per share. You've made $1000 (l...
8. semi trailer: Truck trailer equipped with one or more axles and constructed so that the front end rests upon a truck tractor.
9. shareholders (stockholders): Individuals or organizations that own a portion (shares of stock) of a corporation.
10. shareholders' letter: A section of an annual report where one can find general overall discussion by management of successful and failed strategies. Provides guidance for looking at specific parts of the report.
This site and all content, including trademarks, service marks, images, graphics, look-and-feel and text, are the exclusive property of AutoInfo, Inc. and are protected by United States and international copyright laws.
