free transferability of interest

free transferability of interest definition - business

free transferability of interest

The right to sell an ownership interest without obtaining the permission of another party. For example, shareholders of an S corporation have the right to sell their interest without obtaining the approval of the other shareholders.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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