Hovermarine Corporation - Stock Certificate
Inv# SS1326 StockHovermarine is known for building the first commercially built side-wall hovercraft. Major developments were still taking place in 1972/73 but the design proved very reliable and over 100 crafts were built, about 50 of which are still in operation around the world today in Hong Kong, Iraq, Malta, Senegal, Brazil, Jordan, Singapore, USA, India, Croatia, Japan and Turkey.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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