STOCK OF RECORD Meaning and
Definition
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"Stock of record" refers to the ownership of shares in a particular company that is officially registered in the records of a stock transfer agent or registrar. It signifies the individuals or entities who are recorded as the legal owners of the shares in the company. Such records are maintained by the stock transfer agent or registrar, who keeps track of each shareholder's details, including their names, contact information, and the number of shares owned.
The stock of record is crucial for a company to maintain accurate ownership records and to facilitate various shareholder-related activities. These activities may include voting rights during corporate actions, distribution of dividends, issuance of corporate announcements, and providing updates on the company's financial performance. The stock of record also plays a vital role during stock splits, mergers, or acquisitions, as it helps in determining the allocation of shares and ensuring proper documentation.
It is worth noting that the stock of record does not necessarily indicate the ultimate beneficial owner of the shares. Sometimes, shares may be held through brokerage firms or other intermediaries, and the individuals or entities on record may be custodians or nominees. However, the stock of record remains the officially recognized ownership of the shares until any changes are made through a legal transfer or assignment.
Common Misspellings for STOCK OF RECORD
- atock of record
- ztock of record
- xtock of record
- dtock of record
- etock of record
- wtock of record
- srock of record
- sfock of record
- sgock of record
- syock of record
- s6ock of record
- s5ock of record
- stick of record
- stkck of record
- stlck of record
- stpck of record
- st0ck of record
- st9ck of record
- stoxk of record
