Monday, December 06, 2010 5:53:46 PM
stock class
1. A category of capital stock issued by a company and having specific rights or characteristics. Most firms have only a single class of stock outstanding. Thus, every share has exactly the same rights as every other share. But some companies have two or more classes of capital stock designated as class A, class B, and so forth. For example, one class may have controlling voting rights but both classes may share equally in dividends. In general, a firm issues different classes of stock when it wishes to sell one class to the public and reserve another class for its founders. Also called class, classified stock. See also common stock.
http://financial-dictionary.thefreedictionary.com/stock+class
and another definition that says the same thing
Class A Shares What Does Class A Shares Mean?
A classification of common stock that may be accompanied by more or fewer voting rights than Class B shares. Although Class A shares are often thought to carry more voting rights than Class B shares, this is not always the case. Companies will often try to disguise the disadvantages associated with owning shares with fewer voting rights by naming those shares "Class A", and those with more voting rights "Class B". Investopedia explains Class A Shares
For example, one Class A share may be accompanied by five voting rights, while one Class B share may be accompanied by only one right to vote, or vice versa. A detailed description of a company's different classes of stock is included in the company's bylaws and charter.
http://www.investopedia.com/terms/c/classashares.asp
Tell me lies, Tell me sweet little lies...
Fleetwood Mac
as always, In my opinion, of course!
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