释义 |
Blank Check Preferred Stock Blank Check Preferred StockThis is stock over which the board of directors has broad authority to determine voting, dividend, conversion, and other rights. While it can be used to enable a company to meet changing financial needs, its most important use is to implement poison pills or to prevent takeovers by placement of this stock with friendly investors.Blank Check Preferred StockAn amendment to the charter of a publicly-traded company allowing the board of directors to issue new preferred stock without shareholder approval. Blank check preferred stock is usually an anti-takeover measure. |