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Explanation: This is the most relevant term in the US, in other words the shares are not publicly traded, but the owner of an incorporated business may invite other interested parties to invest in the company by ceding some of his "Stammaktien". They become then "closely held shares".
trading for my own account
gangels Local time: 21:53 Native speaker of: English, German PRO pts in pair: 5508
Explanation: I disagree with the proffered solution 'privately held shares'
'Inhaberstammaktien' are the most common form of publically traded shares. Literally - Inhaber means 'bearer'and 'Stammaktien' can be understood either
a) in terms of a contrast with Namensaktien - as in the following citation
"Was ist der Unterschied zwischen einer Namensaktie und einer Stammaktie?
Auf einer Namensaktie ist der Name des Besitzers eingetragen. Dieser erscheint so auch in den Büchern der Gesellschaft. Hingegen ist bei einer Stammaktie derjenige der Besitzer der Aktie, der sie in den Händen hält." (http://www.stammaktien.de/)
or b) in terms of a contrast with Vorzugsaktien - as in the following citation
"“There's a great headline on the front page of the Financial Times Deutschland this morning: "SAP-Stammaktie explodiert". Translation: Ordinary shares in SAP are exploding!
The latest move by Europe's largest software group will mostly be appreciated by those already well-versed in the differences between "Vorzugsaktien" and "Stammaktien", that is, "non-voting preference shares" and plain old ordinary shares. In other words, this is very much a Financial Times kind of story, one played high in both the British and German editions of the peachy paper. With two big thumbs up, too, on both editorial pages"(http://www.europe.thestandard.com/article/article_print/0,11...