What does non assessable stock mean

fully discharged no dividend shall be paid to any shares that are subordinate to as to whether the shares are validly issued, fully paid, and nonassessable. preemptive rights" (or words of similar import) means that the following principles  

Nonassessable definition is - exempting the owner from further contributions to the capital or business of an issuing corporation and when fully paid for entailing no further liability on the part of the owner either to the corporation or its creditors. How to use nonassessable in a sentence. Assessable Stock definition and meaning - Define ... Assessable Stock definition - What does Assessable Stock mean? An assessable stock is one where levies are imposed by an issuing company on stockholders for the purpose of earning more funds. Long ago, assessable stocks were the most common equity issued by companies. What is Nonassessable Stock? definition and meaning nonassessable stock. Definition. A type of stock class whereby the company issuing the shares will not be allowed to impose any levies on its shareholders for the purpose of obtaining any additional investment funds. Print Cite / Link. non-arm's length transaction nonassumption clause

Fully Paid And Non-Assessable Shares Of The Common Stock ...

Jul 26, 2007 · My question is: What does 'assess' mean in this phrase? Jul 26 2007 05:37:12. Englishsz; As I understand it, 'non-assessable stock' means that stockholders cannot be required or forced to invest additional money based on the stock (shares) they already hold. So, I'd say definition 3 for the word 'assess' fits the best. NANE - Non-Assessable Non-Exempt (income) | AcronymFinder NANE stands for Non-Assessable Non-Exempt (income). NANE is defined as Non-Assessable Non-Exempt (income) somewhat frequently. Printer friendly. Menu Search. New search features Acronym Blog Free tools "AcronymFinder.com. What does NANE stand for? NANE stands for Non-Assessable Non-Exempt (income) Accessible | Definition of Accessible at Dictionary.com Accessible definition, easy to approach, reach, enter, speak with, or use. See more. What is the difference between par and no par value stock ...

Fully Paid And Non-Assessable Shares Of The Common Stock ...

Definition of nonassessable capital stock: Share ownership that cannot require additional investment in order to satisfy debt obligations. Most shares in US corporations are designated as non-assessable. Dictionary Term of the Day Articles Subjects BusinessDictionary Business Dictionary Dictionary Toggle … Nonassessable | Insurance Glossary Definition | IRMI.com Nonassessable — the term refers to an insurance policy under which the insurer (e.g., a stock company) does not have the right to assess policyholders for additional amounts to make up shortfalls in the cost of operating the company. Such a policy is the opposite of one issued by an assessment company.

What is Non Participating Preferred Stock? - Definition ...

Assessable stock is one that is subject to resale by the issuer if the holder fails to pay any assessment levied on it. It is a class of stock in which the issuing company is allowed to impose levies on stockholders for more funds. Before the twentieth century, assessable stocks were the prevalent type of equity that companies issued. Fully Paid And Non-Assessable Shares Of The Common Stock Of FULLY PAID AND NON-ASSESSABLE SHARES OF THE COMMON STOCK OF . Leucadia National Corporation, transferable on the books of the Corporation in. person or by duly authorized attorney upon surrender of this certificate. properly endorsed. The holder hereof by accepting this certificate expressly What is Assessable Stock? definition and meaning assessable stock Definition A type of stock , now defunct , which allowed a firm to levy additional capital from stockholders by initially offering shares at a discounted price to attract investors . What does assessable mean? definition, meaning and audio ...

Assessable Stock – When a company could “assess” existing stockholders for additional funds to be invested. Non-assessable stock indicates the stock is immune from further company demands for investment. Most recent stock certificates say, “Fully paid and non- assessable.” 11. Date Issued – The date the certificate was issued. 12.

on a stock certificate what does fully paid and non ... Jul 11, 2010 · Back in the 1800's some corporations were organized which allowed the corporations to go to their original shareholders and demand an additional assessment under certain conditions. Those companies were run almost like partnerships. That isn't the case nowadays. In fact, I know of none that issue assessable stock today.

Nonassessable | Insurance Glossary Definition | IRMI.com Nonassessable — the term refers to an insurance policy under which the insurer (e.g., a stock company) does not have the right to assess policyholders for additional amounts to make up shortfalls in the cost of operating the company. Such a policy is the opposite of one issued by an assessment company. I was offered non-dilutable equity by the founder for ... Apr 27, 2013 · You are dealing with a rookie CEO. He made a commitment to you that really cannot be met, at least not without damaging the company so much that the equity would be worthless anyway. Chalk this up to a rookie mistake from both sides. No harm, no