Class of stock,
Definition of Class of stock:
Memorandum of association of most firms permits stock to be issued in more than one class, such as voting shares and non-voting shares, or as class-A and class-B stock. Whereas the holders of different types of shares are entitled to different treatment, all holders of the same class of shares are treated identically. See also classified common stock.
Meaning of Class of stock & Class of stock Definition