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closely held

owned by a relatively few shareholders of business organizations as a closely held corporation

fund

whole by matching its investments to a stock index mu·tu·al fund : an investment company that invests its shareholders' money in a usually diversified group of securities of other companies vul·ture fund : an investment company that

waste

for improper or unnecessary purposes "Michelson v. Duncan, 407 A.2d 211 (1979)"] NOTE: Waste injures the interests of shareholders.

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equity

against it c : a risk interest or ownership right in property ;specif : the ownership interests of shareholders in a company d : the common stock of a corporation compare asset, debt

accumulated earnings tax

levied on the taxable income of a corporation that is accumulated by the corporation rather than distributed to shareholders and that is not retained for the reasonable needs of the business

annual report

annual report : a written report distributed to shareholders each year by a corporation that sets forth financial information (as an auditor's report, the selling prices of

board of directors

board of directors often cap B&D : a group of individuals elected by the shareholders of a corporation to manage the corporation's business and appoint its officers

closely held

closely held : having most stock shares and corporate voting rights in the hands of a few shareholders

continuing

: marked by uninterrupted extension in time or sequence [a criminal enterprise] 2 : needing no renewal [ shareholders]

controlling

to pay a specified amount is not "J. H. Friedenthal et al."] 2 : having controlling interest [ shareholders]

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