What is the difference between an "issuer" and "grantor" in a transaction involving stock certificates?
Answers:
You have to know what stock certificates are before you can understand the difference.
Stock Certificates are documents (simplified but you understand) that entitles the holder to convert them into real stock (might be under certain conditions).
The certificateholder might be entitled to the same dividends given to the stockholders, but generaly he's not allowed to vote on the general meeting of shareholders. Shares are issued by the emitting company, for that this company is labeld "issuer".
The certificates are generally not issued by the company, but by a third company "the grantor".
Certificates can allow an owner to give his children the value of the shares and still stay in control of the company. The company (the issuer) has issued shares, these shares are owned by the businessman/father. The Businessman/Father (=the grantor) grants his children certificates to his shares. With these certificates his children are entitled to the dividends but the voting rights remain with the father. When the father is deceased the children can convert there certificates into shares.
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