common stock

from The American Heritage® Dictionary of the English Language, 5th Edition.

• noun Capital stock that is secondary to preferred stock in the distribution of dividends and often of assets.

from Wiktionary, Creative Commons Attribution/Share-Alike License.

• noun finance Shares of an ownership interest in the equity of a corporation or other entity with limited liability entitled to dividends, with financial rights junior to preferred stock and liabilities.

from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.

• noun stock other than preferred stock; entitles the owner to a share of the corporation's profits and a share of the voting power in shareholder elections