A legally distinct entity that is financed through the development and sale of securities registered with federal regulators. These entities may generally be legally structured domestically as corporations or investment trusts. They are held legally responsible for their issued securities and are subject to disclosure and reporting requirements as enforced by the U.S. Securities and Exchange Commission.
Friend One: “Why do you have a framed stock certificate hanging above your bed?”
Friend Two: “That’s Green Bay Packers stock, man!”
Friend One: “So?”
Friend Two: “SO… the issuer of that stock is the Green Bay Packers Organization. It is like I have a piece of the team LIVING IN MY HOUSE.”
Friend One: “You really need a girlfriend, my dude.”