| Authorized stock | Total amount of stock that a corporation's charter authorizes it to issue.
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| Book value per common share | Recorded amount of equity applicable to common shares divided by the number of common shares outstanding.
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| Book value per preferred share | Equity applicable to preferred shares (equals its call price [or par value if it is not callable] plus any cumulative dividends in arrears) divided by the number of preferred shares outstanding.
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| Call price | Amount that must be paid to call and retire a callable preferred stock or a callable bond.
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| Callable preferred stock | Preferred stock that the issuing corporation, at its option, may retire by paying the call price plus any dividends in arrears.
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| Capital stock | General term referring to a corporation's stock used in obtaining capital (owner financing).
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| Common stock | Corporation's basic ownership share; also called capital stock or contributed capital (see paid-in capital).
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| Convertible preferred stock | Preferred stock with an option to exchange it for common stock at a specified rate.
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| Corporation | Business that is a separate legal entity under state or federal laws with owners called shareholders or stockholders.
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| Market value per share | Price at which stock is bought or sold.
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| Minimum legal capital | Amount of assets defined by law that stockholders must (potentially) invest in a corporation; usually defined as par value of the stock; intended to protect creditors.
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| No-par value stock | Stock class that has not been assigned a par (or stated) value by the corporate charter.
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| Organization expenses (costs) | Costs such as legal fees and promoter fees to bring an entity into existence.
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| Paid-in capital | Total amount of cash and other assets a corporation receives from its stockholders in exchange for its stock.
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| Paid-in capital in excess of par value | Amount received from issuance of stock that is in excess of the stock's par value.
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| Par value | Value assigned a share of stock by the corporate charter when the stock is authorized.
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| Par value stock | Class of stock assigned a par value by the corporate charter.
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| Preemptive right | Stockholders' right to maintain their proportionate interest in a corporation with any additional shares issued.
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| Preferred stock | Stock with a priority status over common stockholders in one or more ways, such as paying dividends or distributing assets.
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| Premium on stock | (See paid-in capital in excess of par value.)
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| Proxy | Legal document giving a stockholder's agent the power to exercise the stockholder's voting rights.
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| Retained earnings | Cumulative income less cumulative losses and dividends.
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| Stated value stock | No-par stock assigned a stated value per share; this amount is recorded in the stock account when the stock is issued.
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| Stockholders' equity | A corporation's equity; also called shareholders' equity or corporate capital.
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