These are: â¢ The 'record' date. This is the date after which new buyers of the shares will not qualify for the pending dividend payments. In other words if you sell a share just before or buy a share just after the record date, you won't be entitled to the dividend.
public policy. 1. the fundamental policy on which laws rest, especially policy not yet enunciated in specific rules. 2. Law. the principle that injury to the public good or public order constitutes a basis for setting aside, or denying effect to, acts or transactions. Origin of public policy.
At its most basic, policy is âa course or principle of action, adopted or proposed by a government, party, business or individualâ (Australian Concise Oxford Dictionary). The term is used in many different ways, varying from institution to institution, organisation to organisation and sometimes within institutions and organisations as well.