A proxy statement is a document that public companies must provide their shareholders prior to a shareholder meeting.
The Securities and Exchange Commission (SEC) requires companies to file their proxy statement in...
securities
public corporation
A public corporation is a company whose shares are listed to be traded on a public market, such as the New York Stock Exchange (NYSE). When a company goes public, it will undertake its initial public offering (IPO) after submitting Form S-1 (...
public float
Public float is the portion of outstanding stock in a public corporation that is held by public investors, as opposed to stock held by the stockholders with controlling interests, directors, officers, or other non-public entities. The...
public market
Public market is the exchange where a public company’s securities are traded. A company must first conduct an initial public offering (IPO) to offer securities in the public market. They must also comply with the Exchange Act’s periodic...
public offering
A public offering is an offering of a company’s securities to public markets. A company’s first offering of securities to the public is known as an initial public offering (IPO). Subsequent offerings are known as follow-on offerings. In both...
public offering
A public offering is an offering of a company’s securities to public markets. A company’s first offering of securities to the public is known as an initial public offering (IPO). Subsequent offerings are known as follow-on offerings. In both...
purchase-money collateral
Purchase-money collateral refers to collateral that was purchased completely or in part by the debtor with the funds given to create a security interest in the collateral. For example, if a debtor granted an appliance store a security...
purchase-money security interest
Purchase-money security interest (PMSI) refers to security interests in purchase-money collateral. Purchase-money collateral is the collateral that was purchased completely or in part by the debtor with the funds given to create a security...
put option
A financial instrument that gives the owner of the put option the contractual right to sell an underlying security at a pre-determined price within a pre-specified timeframe. The underlying securities, which a put option owner has a future right to...
pyramid scheme
A pyramid scheme is a fraudulent multi-level marketing (MLM) arrangement. Generally, the scheme operates under the guise of selling a product, though the profit from the scheme is based on number of recruits rather than strength of sales....