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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA LW Exams › share
a share is the interest of a shareholder in the company measured by a sum of money, for the purpose of a liability in the first place,and of interest in the second ,but also consisting of a series of mutual covenants entered into by all shareholders
mike i understand that share is interest of sharehoder in company but i can not this definition please explain it simply
When you become a shareholder in a company it is as though you have entered into a contract with every other shareholder individually and collectively and with the company itself and the company has entered into a contract with every shareholder and every shareholder has entered into a contract with every other shareholder
Better?