ACCT

Limited liability.

Shareholders can lose no more than the amount they invested in the company.

Issued stock.

Shares actually sold.

Authorized stock.

Shares available to sell.

Redeemable.

Shares can be returned to the corporation at a predetermined price.

Outstanding stock.

Shares held by investors.

Cumulative.

Shares receive priority for future dividends if dividends are not paid in a given year.

Paid-in capital.

The amount invested by stockholders.

Treasury stock.

The corporation's own stock that it acquired.

Retained earnings.

The earnings not paid out in dividends.

Angel investors.

Wealthy individuals in the business community willing to risk investment funds on a promising business venture.