The most straightforward job of the shareholder is to provide funds. In practice, however, it isnât straightforward at all. Corporations do need capital to invest in growth, but they donât get it in aggregate from shareholders.
Noun. 1. understatement-a statement that is restrained in ironic contrast to what might have been said. statement-a message that is stated or declared; a communication (oral or written) setting forth particulars or facts etc; according to his statement he was in London on that day.
An averment that provides unnecessary information and detail. negative averment An averment that is stated in the negative, but is actually affirmative in substance. For example, the negative averment âhe is not old enough to marryâ really means that âhe is too young to marry.â Although one who makes a simple denial in a pleading does not carry the burden of proof, the party who asserts negative averment has the burden to prove the avermentâs affirmative substance.