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.
Public Policy Definition: Certain acts or contracts are said to be against public policy if they tend to promote breach of the law, of the policy behind a law or tend to harm the state or its citizens. A condition is against public policy if it is in the interest of the state that it should not be performed. What is contrary to public policy has varied from time to time, and many conditions now upheld which in former days would have been declared to be contrary to the (public) policy of the law.