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Whipsaw Glossary

Currently viewing the definition of: Ordinary Shares
 
 
 Ordinary shares are the shares authorised and issued when a company is incorporated. These shares usually carry voting rights and will have an entitlement to any declared dividend, although this is not guaranteed. In the event of the company being wound up, ordinary shareholders rank below creditors and preference shareholders. 
 


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    • Allocation Rate
      Is the amount of the investment (eg pension) that is actually used to purchase units. As charges are often higher in the earlier years of a policy to cover set up costs, not all monies will be invested. For example an allocation rate of 90% means only 90% of the investment value will actually be used for investment purposes.