share class

Definition

A classification system given to stocks and mutual funds. Each class has different characteristics, such as different voting rights, that are decided upon before a company offers its stock as an initial public offering (IPO).

Use share class in a sentence

You should always try and follow the other companies in your share class and see what you can learn from them.

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We studied the share class and found everything to be as expected, and afterwards I took my partner out to lunch to mull over some of the other fine details.

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After my brother's company went public, he made sure that he sold one class of shares to the public and kept a different share class for himself so he could continue to control the company.

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Mentioned in these terms

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mutual fund share classes Class A Shares