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  3. Plain and simple, stock is a share in the ownership of a company. Stock represents a claim on the company’ s assets and earnings

Plain and simple, stock is a share in the ownership of a company. Stock represents a claim on the company’ s assets and earnings

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问题     Plain and simple, stock is a share in the ownership of a company. Stock represents a claim on the company’ s assets and earnings. As you acquire more stock, your ownership stake in the company becomes greater. Whether you say shares, equity, or stock, it all means the same thing.
    Holding a company’ s stock means that you are one of the many owners(shareholders)of a company, and, as such, you have a claim(albeit usually very small)to everything the company owns. Yes, this means that technically you own a tiny sliver of every piece of furniture, every trademark, and every contract of the company. As an owner, you are entitled to your share of the company’ s earnings as well as any voting rights attached to the stock.
    A stock is represented by a stock certificate. This is a fancy piece of paper that is proof of your ownership. In today’ s computer age, you won’ t actually get to see this document because your brokerage keeps these records electronically, which is also known as holding shares " in street name". This is done to make the shares easier to trade. In the past when a person wanted to sell his or her shares, that person physically took the certificates down to the brokerage. Now, trading with a click of the mouse or a phone call makes life easier for everybody.
    Being a shareholder of a public company does not mean you have a say in the day-to-day running of the business. Instead, one vote per share to elect the board of directors at annual meetings is the extent to which you have a say in the company. For instance, being a Microsoft shareholder doesn’ t mean you can call up Bill Gates and tell him how you think the company should be run.
    The management of the company is supposed to increase the value of the firm for shareholders. If this doesn’ t happen, the shareholders can vote to have the management removed well, this is the theory anyway. In reality, individual investors like you and I don’ t own enough shares to have a material influence on the company. It’ s really the big boys like large institutional investors and billionaire entrepreneurs who make the decisions.
According to the passage, the phrase " holding shares in street name" probably refers to
选项 A、holding physically the stock certificates by the investors
B、keeping electronic record of stock ownership by the brokerage
C、depositing the stock certificate with the Wall Street bankers
D、depositing the stock certificate with investment banks on the Wall Street
答案B
解析 本题中，“street name”是指以经纪商的名义登记股票的所有权，而不用股票所有者的名义，股票所有者也不持有股票，但是股票的所有权仍属于客户。
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本试题收录于： FECT综合（现代金融业务）题库金融英语（FECT）分类
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FECT综合（现代金融业务）

金融英语（FECT）

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