Non-Assessable Stock
What is Non-Assessable Stock? Non-assessable stock is a class of stock ownership where the stock owner is limited in their liability to the amount paid for the stock. It means that in the instance of bankruptcy or a lawsuit, the shareholders cannot be found liable for any financial or legal troubles endured by the company...
No-Load Fund
What is a No-Load Fund? A no-load fund is a type of mutual fund where shares are bought and sold without commission charges for the purchase or the sale being taken out of the investor’s funds. The sales charges are called the “load,” and no-load mutual funds, as the name would imply, offer investors a...
National Securities Markets Improvement Act (NSMIA)
What is the National Securities Markets Improvement Act (NSMIA)? The National Securities Markets Improvement Act (NSMIA) was introduced in 1996 to more efficiently allocate capital in financial markets. NSMIA amended the previously passed Investment Company Act of 1940 to promote the more efficient management of mutual funds, protect investors, and provide more effective regulation. What...
No-Par-Value Stock
What is No-Par-Value Stock? No-par-value stock is a stock that is not assigned a par value or face value. It is also known as no-par stock. The minimum price at which a class of share can be traded on the initial offering is called the par value of that share. Whenever a business is incorporated,...
Venture-Capital-Backed IPO
What is a Venture-Capital-Backed IPO? A venture-capital-backed IPO is the initial offering of shares of a company that’s been mainly supported by venture capital investors. Such a type of initial public offering (IPO) is part of a judicious plan by investors to recover all or a part of a loss of their investments from the...
