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What does common stock mean?

Looking for the meaning or definition of the word common stock? Here's what it means.

Noun
  1. (finance) Shares of an ownership interest in the equity of a corporation or other entity with limited liability entitled to dividends, with financial rights junior to preferred stock and liabilities.
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Chautauqua's parent company, Republic Airlines, paid American a contract rights fee in the form of a warrant to buy shares of its common stock.
Each unit in the offering consists of 1.5 shares of common stock and 1.5 shares of redeemable public warrants.
Management also intends to issue up to 75 million shares of common stock, mostly to employees as part of an incentive program.
When Community members had to fare forth into rain or snow, they could don protective outerwear from a common stock.
Each share of Metro common stock will be exchanged for 0.48 share of Keane common stock.
Thus, as an owner of common stock, you do get somewhat of a say in controlling the shape and direction of the company even though this say isn't a direct control.

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