Companies: Finance Flashcards
Def: statutory right of pre-emption
The right to be offered an asset first should the owner decide to dispose of it (unwanted dogs)
Def: CREST transfer system
The electronic cleaning system which settled transfers of shares that are dealt with on selected exchanges
Can you obtain shares in a public company by undertaking work?
No
What is the % of nominal value that the shared in a public limited company must be paid at when first issued?
At least 25%
Def: capital redemption reserve
A non-distributable reserve I to which amounts are transferred following redemption or purchase of a company’s own shares.
Def: Debenture
A document that records the terms of any loan
Def: Floating charge
A liability to a creditor which relates to the company’s assets as a whole (security interest over a fund of changing assets)
Def: fixed charge
A liability to a creditor that relates to an ascertained and definite property.
