Definition: Shares are units of ownership in a company. When you buy shares, you become part-owner of that business. Companies issue different types of shares to raise money and give different rights to shareholders.
Quick Exam Tip: When describing any type of share or debenture in WAEC exams, always give at least THREE explained features, not just listed points. The examiner wants to see you understand WHY each feature matters, not just that you memorized names.