What Are Preference Shares and What Are the Types of Preferred Stock?

Preference shares, also known as preferred stock, are a type of stock that gives shareholders preferential treatment in the event of a liquidation or bankruptcy. Preferred shares typically have a higher dividend rate than common shares, and they also have priority over common shares when it comes to the distribution of assets. There are two … Read more

What is a donation?

In economic terms the word donation is defined by article 618 of the Civil Code and following. The civil code establishes that a donation is an act by which someone freely gives away something in favor of another person who accepts it. A donation is a two-way legal business. In which the donor or person … Read more