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Vetoing Stock - A Vetoing Stock allows the holder of this stock to vote for or vote against (veto) corporate matters, usually brought to them in a shareholder's meeting. The holders of a Vetoing Stock however don't have a say in electing the board of directors of a company. Usually very important decisions for a company are discussed with the share holders with voting rights in order to decide how to proceed in a certain matter.

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Daily Definition

Definition of the Day New Zealand Exchange Limited (NZX)

New Zealand Exchange Limited (NZX) - The New Zealand Exchange Limited (NZX) began life as a regional stock exchange during the Gold Rush of the 1870's. In 1974 these regional exchanges formed one national stock exchange, the New Zealand Stock Exchange (NZSE). On June 24, 1991, NZSE implemented a computerized...

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