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19:03 May 31, 2002
English to French translations [PRO] Bus/Financial
English term or phrase:restricted stock
Restricted stock has been acquired in a private transaction frol either the company issuing the securties or from an individual who is directly or indirectly in a control relation with the issuer. Because restricted stock is not registered with the Securities and Exchange Commission, a restricted stock certificate will normally have a legend, specifying that the sahre cannot be sold in the public market without regsitration with the SEC.
Déf. : Action qui, comme l'action ordinaire, confère à son porteur le droit de participer aux bénéfices de la société et à l'actif de celle-ci en cas de liquidation, mais qui ne comporte pas de droit de vote ou qui comporte un nombre de droits de vote inférieur à celui qui est attaché aux actions d'une autre catégorie.