ALPHABET STOCK
\ˈalfəbˌɛt stˈɒk], \ˈalfəbˌɛt stˈɒk], \ˈa_l_f_ə_b_ˌɛ_t s_t_ˈɒ_k]\
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Separate classes of COMMON STOCK issued by a company, where each class (often denoted by a letter of the alphabet) represents a different subsidiary. Investors in an alphabet stock receive the RENT RIGHTS and CONTROL RIGHTS associated with that stock, but not those of the overarching parent company. See also CLASSIFIED STOCK.
By Henry Campbell Black
Word of the day
Platidiam
- An inorganic water-soluble platinum complex. After undergoing hydrolysis, it reacts DNA produce both intra interstrand crosslinks. These crosslinks appear to impair replication and transcription of DNA. The cytotoxicity cisplatin correlates with cellular arrest in G2 phase cell cycle.