Jurisdiction(s):
United Kingdom

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Key definition

Equity definition

What does Equity mean? In corporate finance practice, equity means the risk-bearing capital provided by a company’s owners, usually through ordinary shares, as distinct from debt finance. Equity holders have the residual interest in profits and assets: returns are by dividend or capital growth, and they rank behind all creditors on insolvency. Equity commonly carries voting and control rights and is subject to company law capital maintenance and distribution rules (for example, dividends only out of distributable profits and statutory pre-emption on new share issues unless disapplied). It is central to capital structure, M&A, venture capital and private equity transactions. Practitioners also describe certain...

UK equity capital markets glossary: UK Listing Rules, DTR, UK MAR, UK Prospectus Regulation, AIM Rules, London Stock Exchange standards and practice, updated for 2024 reforms

Published by a LexisNexis Corporate expert

Practice notes

A Term Definition

ABI See Association of British Insurers.
Accelerated bookbuild or ABB A method for swiftly allocating shares to investors following the fundraising announcement, with minimal or no marketing. After the announcement, brokers/investment banks secure binding telephone commitments from investors to subscribe for shares, and the fundraising commonly completes the same day it is announced.
Admission Generally, the entry of securities to trading on an exchange. More specifically, it refers to: (1) admission of securities to trading on AIM; or (2) admission of securities to trading on the Main Market and to listing on the Official List. See also admission to listing and admission to trading.
Admission and disclosure standards The London Stock Exchange rulebook for companies with securities admitted to trading on its markets (excluding AIM) or seeking such admission.
Admission document A document that must be published under Rule 3 or Rule 27 of the AIM Rules when a company...

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Web page updated on 22/05/2026

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